Zangeneh held important talks with German leaders, including Energy Minister Sigmar Gabriel on Thursday. Addressing an energy security summit in Berlin, the minister said Iran has always been a reliable energy supplier, adding the country wants to regain its position in the energy market. "Minister of Petroleum Bijan Zangeneh says Iran plans to splash out $180 billion to revive and renovate its oil, gas and petrochemical industries by 2022. The new rise in German company’s willingness is attributed to assurances Euler Hermes Credit Insurance Co., which would provide insurance coverage to enterprises acting in Iranian setting, which would have been impossible without provisions of JCPOA." ( Mehr News Agency, " Germany's Linde major contractor of LNG project," ). New investments, technology transfer, training, and research and development projects constituted the topics of discussion. The former had signed a deal to provide technical support for Kian Petrochemical Complex earlier and signaled its participation in country’s greatest petrochemical projects during new round of talks with the Imam Khomeini Petrochemical Complex. New round of Iranian officials and Germany’s Linde Group sat to discuss the LNG projects. "German Linde Group has received green lights from Euler Hermes, a credit insurance company to become the greatest contractor of Iran’s LNG projects. Amiri said Linde had launched activity in various domains like petrochemical section after the Joint Comprehensive Plan of Action (JCPOA)." ( Fars News Agency, " Germany Comapny Mulls Investment in Iran's Projects," ). "The officials of the two companies got together to consider opportunities of investment, transfer of technology and partnership in Iran's projects," Amiri added. Bandar Imam Petrochemical Managing Director Reza Amiri said that Linde has opened up its office in Iran. "Officials of German Linde Company in a meeting with directors of Iran's Bandar Imam Petrochemical Company voiced their willingness to cooperate with Iran. Iraj Ghorbani, CEO of Delvar Afzar Industrial Group, signed the agreement to establish the new organisation on 17th January in Iran." ( Gasworld, " Linde and Delvar Afzar Unite in New Iranian Industrial Gas 'Game-Changer,'" ). Aldo Belloni, Linde Board Member Bernd Eulitz and Dr. Delvar Afzar’s facilities will provide the majority of the company’s liquid gases supply. The company also aims to implement an industrial gas culture and develop new sales for molecules including both liquids and gases. It is understood that in pooling strengths and leveraging the assets of both parties, LDAIG aims to become a leading supplier of industrial merchant gases and healthcare gases in the Middle Eastern country. The Tier One corporation and Delvar Afzar Industrial Gases, part of the Delvar Afzar Industrial Group, have united under the name ‘Linde Delvar Afzar Industrial Gases’ (LDAIG). "A new player has been created in Iran’s industrial gas industry, as The Linde Group and Delvar Afzar Industrial Gases have teamed up in a joint venture. (Press TV, “ Linde, Mitsui plan $4 billion Iran investment,” ). In February 2016, Linde announced that it was considering a joint venture with the Japanese company, Mitsui, to invest $4 billion in Iran’s oil sector. "We have already signed engineering contracts to resuscitate projects from years ago but the banking system has to be fixed first before we can start performing on these contracts," Aldo Belloni told analysts on a conference call on Thursday." ( Reuters, " Linde Revives Iran COntracts, Waits For Banking System," ). "German industrial gases group Linde has revived plant-engineering contracts in Iran that lay dormant for years under sanctions but cannot act on them until there is a way to transfer money out of the country, its chief executive said. (vbw Website, “ Round Table mit dem iranischen Außenminister Dr. Troublingly, the Tehran Chamber is affiliated with the Iran Development and Renovation Organisation (“IDRO”). Prospective engagement with the vbw Economic Liaison Office in Tehran, where the Tehran Chamber will serve as a local partner. (“vbw”) meeting with Iranian Foreign Minister Dr. Linde participated in the FebruVereinigung der Bayerischen Wirtschaft e. state of Minnesota, Rhode Island, South Carolina, Tennessee listed Linde on its Iran restricted companies list rendering Linde ineligible for investment and/or state contracting. state of California listed Linde as a company under review for potentially investing in petrochemical projects in Iran. In a letter to CalPERs dated November 29, 2017, the company confirmed it is not engaged in the business activities targeted by the California Divest from Iran Act. In 2018, Linde was listed as a divested security by the Michigan State Retirement System for active business in Iran. (“Diesel Motor”) cites Linde as a customer on its company website.