Local Editor, 20-01-2010

The Iranian Gas Engineering and Development Company (IGEDC) directors announced on wendnesday that the Iranian company signed a 1 billion euro deal with a German firm to improve Iran's gas distribution grid.

According to the contract the German firm agreed to manufacture, install and commission 100 gas-fuelled turbines and turbo-compressors, Mehr news agency reported. The German company already has built and installed 45 other turbo compressors.

Iran is expected to domesticate the building of the turbo compressors by the end of the contact.
Wednesday also brought an announcement that Iran's 5th fleet is to dispatch shortly to the Gulf o Eden to take over missions of Iran's 4th fleet which would soon reach the end of its mission there.

Iran's fleet would be fighting piracy off the coast of Somalia. Iran's naval fleets have been operating in the Gulf of Aden since November 2008, after Somali pirates took control of an Iranian ship and held its crew hostage.