Tag Archives | France

Europeans press FATF to extend Iran Sanctions Reprieve

By Barbara Slavin for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Europeans press Terror-Finance Watchdog to extend Iran Sanctions Reprieve A powerful financial watchdog group meeting in Valencia, Spain, this week will take actions that could bolster the Iran nuclear deal — or put it in […]

Total to Make $1bn Investment in Giant Iranian Gas Field

The chief executive of Total confirmed that the French oil major will go ahead with development of phase 11 of the huge South Pars gas field in southern Iran this summer, saying it would make an initial $1 billion investment in the field. “It is worth taking the risk at $1 billion because it opens […]

French Firm Positive about Prospects in Iran

An official at the French industrial conglomerate Groupe NOX said Iran’s nuclear deal with world powers which took effect last year has improved the prospects for financial and trade ties between Iranian and French companies, particularly in the oil and gas sector. Bernard Fages, Groupe NOX regional country manager made the statement on the sidelines […]

French Carmakers seeking Stronger Foothold in Iran Market

French carmakers PSA (PEUP.PA) and Renault (RENA.PA) are seeking to increase their presence in Iran’s resurgent market through more deals and investments, a report said. PSA has signed production deals worth 700 million euros ($768 million), while Renault has announced a new plant investment to increase its production capacity to 350,000 vehicles a year, according […]

Iran Cancels Airport Expansion Deal with French Firm

Iran’s deputy road minister said the country has called off a memorandum with the French company Bouygues for development of Tehran’s Imam Khomeini international airport after the European side failed to meet its commitments. In an interview with Tasnim on Saturday, Asghar Fakhrie Kashan said the memorandum with France on development of Imam Khomeini airport […]

UKEF may Finance Iran Aircraft Deal

Iran’s Deputy Transport Minister Asghar Fakhrieh Kashan said UK Export Finance (UKEF) is in talks with the Islamic Republic to facilitate the financing of aircraft sales to the country’s national flag-carrier airline Iran Air. “We have received some offers from UKEF, that is under review by Iran,” Fakhrieh Kashan told Reuters on Thursday. He added […]

LNG Exports to EU – Iran courts Total

Iran’s petroleum minister has hinted that the country is looking into the possibility of bringing in the French energy giant Total to develop a key project to liquefy natural gas for exports to Europe. Bijan Zanganeh told reporters that serious talks with Total were underway over the development of Phase 11 of Iran’s South Pars […]

Renault Doubles Market Share in Iran

By John Lee. Renault has reported a dramatic increase in sales in Iran in the first quarter of 2017. The French automaker said sales in Iran rose 161.5 percent, thanks to the success of its Tondar and Sandero models. The company claims a market share of 9 percent, up 4.9 points. (Source: Renault)

Total to Finalize South Pars Deal “within Weeks”

Iran says it expects France’s Total to finalize an agreement over the development of a key natural gas project in the country’s south in less than a month. Amirhossein Zamaniniya, Iran’s deputy petroleum minister for international affairs and trading, was quoted by domestic media as saying that Total had been waiting to see whether there […]

Oil Majors Present Development Plans for Iranian Oil Projects

Six international oil giants have completed their surveys and submitted plans to the National Iranian Oil Company (NIOC) for developing oil and gas reservoirs, chief executive officer of the NIOC has said. “Russia’s Lukoil, Indonesia’s Pertamina, Japan’s Inpex, French energy giant Total S.A. and Denmark’s Maersk Group are among the majors which have provided NIOC […]