Tag Archives | France

European Powers Continue to Support Nuke Deal

Joint statement from Prime Minister Theresa May, Chancellor Angela Merkel and President Emmanuel Macron following President Trump’s statement on the US’ Iran Strategy. We, the Leaders of France, Germany and the United Kingdom take note of President Trump’s decision not to recertify Iran’s compliance with the Joint Comprehensive Plan of Action to Congress and are […]

Iran’s Yazd Tire to supply Renault

By John Lee. Renault‘s Algerian subsidiary, Renault Algérie,  will buy 50,000 tyres from Iranian tyre maker Yazd Rubber Industries Complex. Yazd is also said to be in negotiations with Volkswagen following the German company’s entry into Iran. (Source: Tyrepress)

Renault Will Not Leave Iran in Face of More US Sanctions

Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, said the French carmaker would not “leave Iran” even if Washington re-imposed new sanctions against Tehran. “Obviously if it becomes impossible to deal with Iran we will put a plan together for the suspension of our business there, but that’s not at all to say that […]

Airplane Contracts Complex, Confidential: Iranian Official

CEO of Iran Air Farzaneh Sharafbafi said contracts for purchasing passenger planes are complex and confidential. Speaking to the Tasnim News Agency on Saturday, Sharafbafi dismissed speculation about details of Iran’s contracts with the Western plane makers, giving an assurance that Iran Air would make the best and most logical decisions. The contracts to purchase […]

Iran, France Sign 4 Agricultural Cooperation Documents

Iran and France on Friday signed four cooperation documents for improving the cooperation between the two countries’ agricultural sectors. The cooperation documents were singed between the Iranian and French companies in fields of agriculture and animal husbandry in a ceremony held in the presence of Iran’s Agriculture Minister Mahmoud Hojjati and his French counterpart Stéphane […]

Iran Eyes Petchem Deal with Total in a Month

Iran is about to sign a petrochemical deal with French energy major Total by November, a petrochemical official said. Director of investment at the National Petrochemical Company (NPC), Hossein Alimorad, said the Persian Gulf Petrochemical Industries Company (PGPIC) is about to sign a contract with Total to carry out economic studies on a petrochemical project […]

SCOR agrees CAT Excess of Loss Deal with Iran

By John Lee. French-based global reinsurance company SCOR has reached an agreement concerning “CAT excess of loss in Iranian insurance market.” The deal was finalised at a meeting in Paris between Dr. Abdolnaser Hemmati, the President of Bimeh Markazi Iran (Central Insurance of IR Iran), and Victor Peignet, Chief Executive Officer of SCOR Global P&C. […]

French State Bank to Fund Projects in Iran

French state bank Bpifrance will finance investment projects of French companies in Iran from 2018, granting up to 500 million euros ($598 million) in annual credits, its CEO said on Sunday. “Excluding a force majeure case, we will be on their side in early 2018. We are the only French bank that can do it […]

Iranian MP Hails French Push to Save JCPOA

An Iranian lawmaker commended French President Emmanuel Macron for stressing the need to protect the Joint Comprehensive Plan of Action (JCPOA), the nuclear agreement between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany). Macron’s comments at the UN General Assembly about the importance of saving the JCPOA were remarkable and […]

Video: France’s Macron defends Iran Deal at UN

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. French President Emmanuel Macron stands firm that landmark agreements on Iran and climate change would not change as he gently nudges Donald Trump to return to the fold:

Iran’s Oil Exports to Europe, China Grow in August

Iran’s oil and condensate exports to Europe rose in August, with demand from Italy, France, the Netherlands and Greece all up, a report said. Iranian oil flows to Europe rebounded sharply last month, with 835,742 b/d sailing to the region, a rise of almost 200,000 b/d month on month, Platts reported. Turkey also remains the […]

Iran Inks Flaring Deal with France’s Sofregaz

The National Iranian Oil Company (NIOC) and a consortium of France’s Sofregaz and Sanat Sazeh Samin for recovery and consumption of flare gas at a refinery at South Pars. Signed on Wednesday, the deal was signed by Ali Mohammad Ahmadi, operator of South Pars Sustainable Development Project representing NIOC, Sofregaz Managing Director Yann Aubry Lecomte […]

Iran’s New Industrial Policy to “Transform Political Economy”

By Esfandyar Batmanghelidj, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. New Industrial Policy Poised to Transform Iran’s Political Economy This past summer, the Industrial Development and Renovation Organization of Iran (IDRO) concluded landmark agreements with French automaker Renault and transportation giant Alstom as well […]

France’s Air Liquide Signs Deal for MTP Plant

French industrial gases producer Air Liquide has signed a deal with Iran’s National Petrochemical Company (NPC) to build a 500,000 tons/year methanol-to-propylene (MTP) plant. Owned and operated by Iran’s Petrochemical Research and Technology Company (PRTC), the plant would be built in the southwestern Iranian city of Mahshahr, Shana news agency reported. The agreement was signed […]

Iran Plans to Award $15bn in New Oil Deals

The next Iranian oil and gas award would be based on the framework of the agreement signed with the French energy giant Total last month over the development of South Pars Phase 11, the deputy director for development and engineering affairs of the National Iranian Oil Company (NIOC) has said. Gholamreza Manouchehri stated that Iran […]

Renault signs EUR 660m Deal with Iran

France’s Groupe Renault has announced the signature of a joint venture agreement with the Industrial Development & Renovation Organization of Iran (IDRO) and PARTO NEGIN NASEH Co, an importer of Renault products in Iran. According to a report from Tasnim, the contract is worth 660 million euro. The proposed joint venture company, of which Renault […]

Bureau Veritas to Inspect Iranian Automotive Industry

By John Lee. The National Accreditation Centre of Iran (NACI) has reportedly approved France’s Bureau Veritas to inspect the quality of cars, agricultural machinery and mining trucks produced in Iran. According to IntelliNews, Bureau Veritas re-established its Iran office in 2017. (Source: IntelliNews)

Alstom to build Rail Carriages in Iran

High-ranking officials in Iran’s rail industry signed a major deal with the French rail car manufacturer Alstom to boost cooperation in the production of subway cars. The cooperation agreement was signed in a ceremony in Tehran on Sunday night with Iran’s Minister of Industry, Mines, and Trade Mohammad Reza Nematzadeh in attendance. Officials of Alstom, […]

Italy’s Eni Happy with Total’s Presence in Iran

The CEO of Eni said the Italian oil giant is not competing with France’s Total in Iran, noting that it has also signed an agreement with the National Iranian Oil Company (NIOC) to develop oil and gas fields in the Islamic Republic. “We are happy that Total is in Iran. We are not competing to […]

Total Deal Serves National Development: Iran’s VP

Iran’s first vice-president played down criticism by opponents of a recent gas deal Iran has signed with France’s Total, saying the contract would serve the goals of national development, as emphasized by Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei. Those opposing the recent gas deal the Oil Ministry has signed with the French […]