OREANDA-NEWS. In the course of the Summit of Heads of State and Government of the Gas Exporting Countries Forum (GECF) member countries in Teheran, Vnesheconombank, Stroytransgaz company (OJSC STG) and Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) entered into a Memorandum of Understanding.

Under the Memorandum, the parties intend to explore the possibility of implementing jointly a number of projects in the Islamic Republic of Iran. The projects provide for designing and constructing an anode petroleum coke plant with a capacity of 250 thousand metric tons as well as a plant to manufacture alumina from nepheline syenites with a capacity of 200 thousand metric tons.

The Memorandum is being implemented in accordance with standards of national and international law.

Stroytransgaz Group of Companies is an international diversified construction holding, one of the leaders of the Russian market. The companies operating under the brand Stroytransgaz have been implementing major industrial and civil construction projects in Russia and abroad for more than 20 years.

The strategic directions of the Group's activities are associated with the construction of objects in the power, oil and gas and petrochemical industries, transport infrastructure, including road and railway construction, as well as in the field of industrial ecology. STG's main markets are located in 19 world countries including countries of the Middle East, North Africa, Europe and Asia.

Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) is Iran's leading holding company in the mining sector. It focuses on manufacturing steel, aluminum, copper, cement and on mineral production. It also participates in projects on the construction and reconstruction of industrial facilities.