Live on Bloomberg TV

00:00Now I would be remiss if I didn't get your reaction on the recent reinstitution of Iran sanctions by the US. You have business with Iran. Is that going to affect you at all. First of all the exposure is very minimal. So we need to look at the sanctions actually. It has always made it clear that if there is a political governmental decision then that means of course of the primacy of the political mandate. And that's exactly what we are going to do . Do you feel that there is room for Europe to increase cooperation with Iran given that the US seems to be stepping back. This was what we heard over and over again. Look I am not a politician a company to run which is complicated enough . But I would what I would actually always such as doing is that people talk to each other and not so much about each other right . Is there anything that Europe can do to reassure you that doing your business there is going to continue to be possible . First of all we always look at our customers . But then again as I said you know the political world is complicated. There is a lot of let's say a lot of things which are ongoing in Syria in Ukraine in Crimea or elsewhere in the world. So the math is very complicated at someone of course. And as I said you know the governments need to come together and hopefully find peace in Syria and other places of the world and that that can be accomplished. I believe that the companies can help rebuild those countries right at this moment in time. And would you say it's too early to make any decisions about what you will and will do when it or won't do when it comes to Iran. First of all we need to we need to see what exactly what exactly the U.S. government has been laying out. Right. See what we need to do when we follow suit . Right now when it comes to the broader energy landscape clearly you provide a lot of the technological expertise for many many energy companies. What's the biggest area of opportunity for you right now. Well the biggest area of opportunity is to bring electrification and automation into digital world oil fields as you do it in the gas fields bring it to the pipelines bring it to the liquefied natural gas environment and help the companies to be highly effective in the Downstream environment. The good news in sequence is we can actually look at old fleet together and in many parts of the world or three go together. That's actually the comprehensive offering we can do and offer to our customers. You can tell that people like .

No schedule data available.

Siemens CEO on Iran Sanctions, Business Opportunities

Josef Kaeser, chief executive officer at Siemens, discusses Iran sanctions, how they may impact his business and where he's seeing opportunity. He speaks to Bloomberg's Tracy Alloway at the Adnoc Downstream Investment Forum in Abu Dhabi. (Source: Bloomberg)

Bloomberg Technology
The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco. Hosted by Emily Chang.
More episodes and clips