Gulf Oil and Gas accountACCOUNT

French Co. Positive About Prospects in Iran

Source: www.gulfoilandgas.com 5/13/2017, Location: Asia

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.

International sanctions imposed on Iran were lifted last year as part of the nuclear deal the government of President Hassan Rouhani signed with the six world powers (the five permanent members of the UN Security Council plus Germany) in mid-2015. In exchange, Iran agreed to limit the scope of its nuclear energy program.

Financials and Investment News in Iran >>

Bermuda >>  2/17/2020 - Borr Drilling Limited has entered into a new financing arrangement for the newbuild jack-up rig Tivar, scheduled to be delivered from the yard in July...
Cyprus >>  2/17/2020 - In reference to the Strategy Update released on November 7th last year, Seabird Exploration Plc announces the following: ...

Ireland >>  2/17/2020 - Lansdowne Oil & Gas plc has raised £488,000 by way of a placing of 81,333,333 new ordinary shares of 0.1 pence each (the "Placing Shares") with existi...
Bahamas >>  2/14/2020 - Bahamas Petroleum Company, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas, ...

United States >>  2/14/2020 - Mosman Oil and Gas Limited the oil exploration, development and production company, announces that the Company has raised £300,000 (before expenses) (...
United Kingdom >>  2/13/2020 - Zenith Energy Ltd., the international oil & gas production company, plans to issue up to 20,000,000 new common shares (“Private Placement”) to existin...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.