Tag Archives | France

Total seeks $4bn Stake in South Pars Gas Gield

Total is seeking a 50 percent stake in a $4 billion project in Iran’s giant South Pars gas field, the French energy firm said in a regulatory filing detailing talks held with Iranian officials on several projects in 2016. Total signed a preliminary deal for the South Pars project last year, becoming the first Western […]

Why French Carmakers are real Winners of Iranian Protectionism

By Ali Dadpay for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s auto industry is only second to its energy sector, accounting for some 10% of the gross domestic product and 4% of employment. Showcasing the Islamic Republic’s efforts to become an industrial economy, it […]

$3bn needed for Airport Development

By John Lee. The Iranian government is reportedly seeking private investors to fund a $3-billion expansion of the airports at Mehrabad, Imam Khomeini, Tabriz, Mashhad, Isfahan, Kerman and Shiraz. Trade Arabia reports that Iran has already gathered around $2.35 billion in foreign investments through memorandums of understanding, and secured $650 million in firm contracts. Among […]

Iran Air receives its first Airbus A330-200

Iran Air has taken delivery of its first new Airbus A330-200. The delivery of the aircraft is part of Iran Air’s major fleet renewal plan, and is the first wide body from a firm order placed by the national carrier of Iran in December 2016 for 100 Airbus aircraft (46 single aisle and 54 wide-body […]

Why Iran’s Auto Ambitions will Benefit Economy, not Consumers

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In February, Iran hosted an international auto show for the first time in 11 years. Some two dozen European, Asian and Iranian brands, including Iran’s longtime French partners Renault and Peugeot, took part in the […]

France Plans Loans for Companies Investing in Iran

By John Lee. The French Finance Minister Michel Sapin (pictured) has that France plans to issue direct loans to companies that want to invest in Iran. At a joint press conference in Tehran with his Iranian counterpart, Ali Tayebnia, he said: “We are trying to help these companies … They wil be able to apply […]

France to Issue Loans to Firms Investing in Iran

French Finance Minister Michel Sapin said Paris is working on plans to issue direct loans to companies eager to invest in Iran. “We are trying to help these companies,” Sapin told reporters at a joint press conference with his Iranian counterpart, Ali Tayebnia, in Tehran, Bloomberg reported. “They will be able to apply for loans, […]

Total “in talks” to buy Iranian LNG Project

By John Lee. French oil major Total is reported to be in talks to buy a multi-billion-dollar stake in Iran’s partly-built liquefied natural gas (LNG) export facility, Iran LNG. According to Reuters, the company is aiming to buy into the project at a discount to the pre-sanctions price in exchange for reviving the project, which […]

45-Fold Jump in French Trade with Iran

By John Lee. France’s imports from Iran have increased 45-fold over the past year, according to a report from Tehran Times. Eurostat data shows an rise from €30 million in 2015 to €1.348 billion in 2016, with France’s exports to Iran up 28 percent from €592 million in 2015 to €722 million in 2016. A […]

Parliament to look into “Information Leak” by Total

he Iranian parliament’s Energy Commission plans to check the accuracy of reports suggesting that the French energy giant Total has leaked secret information about Iran’s South Pars gas field to Qatar, the spokesman for the commission said. Speaking to the Tasnim News Agency, Asadollah Qarakhani said the Energy Commission will look into reports about leakage […]