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 of the 22nd International Oil, Gas, Refining and Petrochemical Exhibition in Tehran, Shana reported.

“Iran has unique potential for turning into a major player in global oil and gas markets,” Fages said.

Groupe NOX is conducting a feasibility study for the establishment of a pharmaceutical plant in Iran, he said, adding that the company is keeping an eye also on emerging opportunities in the Iranian energy sector.

Referring to the country’s advantages, including massive oil and gas resources along with diverse industries, geopolitical situation as well as skilled workforce, the official underlined the need to rehabilitate infrastructure and manufacture more petroleum products with high value added.

Groupe NOX operates domestic and overseas projects in buildings, infrastructure, environment, industry and energy transportation.

(Source: PEDEC)

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