Iran to invest in W. Germany
(X Z.P A.-Reuter— Copyright) TEHERAN, Sept. 9. The Shah of Iran has agreed to large Iranian capital investment in West German firms, the President of the ,West German Upper House (Dr Hans Filbinger) disclosed yesterday. Iran recently bought a 25.4 per cent share in the famous Krupp industrial group. Dr Filbinger said that West Germany had earmarked considerable capital investment in Iran in fields including steel production, automobile parts, machinetool factories, and oil, gas, and nuclear-power stations. •Tran is determined to supply West Germany’s oil and natural gas needs,” Dr Filbinger said, adding that two natural gas projects were being considered, including one in which Iran would supply West Germany via the Soviet Union. During a week-long official visit to Iran at the invitation of the Prime Minister (Mr Hoveyda) Dr Filbinger was received by the Shah and senior officials, including the director of Iran s national gas company.
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Press, Volume CXIV, Issue 33635, 10 September 1974, Page 17
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155Iran to invest in W. Germany Press, Volume CXIV, Issue 33635, 10 September 1974, Page 17
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