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Economic News in Previous Week

Iran Daily - Feb 24, 2001

Swedish Co. to Supply Turbo-Compressors

The Ministry of Oil has signed an agreement with Sweden’s Alstrom Power Company for the purchase and installation of 50 turbo-compressors, each with a capacity of 25 MW. The agreement worth $330 million, aims at transferring turbo-compressors manufacturing technology and improving facilities for such plants. The ministry noted that there were 37 kinds of turbo-compressors in the country and it had caused numerous problems.