The Memorandum of Understanding (MoU) was signed by managing directors of Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) and the managing director of Russia’s Krasnye Barrikady Shipyard with the presence of Iran’s Deputy Minister of Industry, Mine and Trade Mojtaba Khosro Taj.
“Being Russia’s largest shipyard, Krasnye Barrikady is active in the production of ships and vessels for transporting petrochemicals as well as building oil rigs,” ISOICO Managing Director Hamid Rezaeian told the reporters on Sunday deeming the newly-signed MoU as a major step in the development of his company’s activities.
Rezaeian went on to add that “three important indicators of the MoU are engineering discussions, exchange of technology as well as taking advantage of the Russian company’s international rating agency which will resolve our need to produce certain equipment.”
