French Co. Positive About Prospects in Iran

EghtesadOnline: 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.

News ID: ۷۴۱۴۶۲

12 May 2017

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, Financial Tribune reported.

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.