news

French firms eye Iran investment (9 June 2015)


Managers of 15 leading French companies have expressed willingness to invest in Iran.



The chief executives of such French companies as Total, Technip, and Schneider held direct talks with the managing-director of National Iranian Gas Company Hamid-Reza Araqi on the sidelines of a forum of the International Gas Union (IGU) in Paris.



“These companies voiced their readiness for presence and investment in and contribution to a variety of projects in Iran’s gas industry,” he said, Shana reported.



Araqi said he also met with France’s MEDEF which brings together French entrepreneurs.



MEDEF comprises 100 big French companies including Total, Airbus, banks and investment companies involved in energy, power transmission, refinery construction, oil and gas storage and other sectors of oil and gas industries.



Araqi said NIGC offered 18 major projects for investment in Paris. They included Iran Gas Trunklines IX and XI and the completion of IGAT VII and storage projects.



He said that Iran’s presence received rapturous welcome at the World Gas Forum, adding that different ways of investment including build-operate-own (BOO), build-operate-transfer (BOT) and foreign direct investment (FDI) were discussed.



Foreign oil and gas companies are waiting for the easing of sanctions on Iran under a long-awaited nuclear deal between Tehran and six world powers.



Source: IRNA- Date:  (9 June 2015)