Middle East > Iran > Gaz de France ready to work in Iran

Iran: Gaz de France ready to work in Iran

2014/02/07

French gas firm Gaz de France, has announced its readiness to work with Iran, the Tasnim News agency reported

The company made the announcement during the visit of a French business delegation to Iran on Tuesday.

The cooperation will be apart from that of Total and Technip in this field.

A delegation of additional than 100 French companies arrived in Tehran on Monday in the biggest demonstration of western business interest in Iran for additional than a decade, Financial Times reported.

The three-day visit which includes top French companies such as major oil firm Total, engineering company Alstom, telecoms group Orange and car manufacturer Renault, has raised hopes in Iran that an interim transaction on its nuclear programme could lead to a return of foreign investment .

The victory of centrist President Hassan Rouhani last summer paved the way for the country to strike an interim nuclear transaction with six major powers, the U.S., UK, France, Russia, China and Germany in November 2013 which took result in January.

A visit to Iran by such a large French business delegation drew a stern warning from Washington that most US sanctions remain in place and will be enforced even against allies, AFP reported.

The 116-strong French delegation with representatives from major companies like Total, Lafarge and Peugeot, was the major of its kind from Europe since a landmark nuclear transaction reached with the major powers in November gave Iran limited relief from crippling US and EU sanctions.

French employers' union Vice President Thierry Courtaigne said the delegation which arrived in Tehran on Monday, wanted to assess the commercial opportunities opened up by the easing of Western sanctions.

However a senior US official said Secretary of National John Kerry had telephoned his French counterpart Laurent Fabius to tell him that the visit, whilst from the private sector, was 'not helpful' in sending the message that 'it is not business as usual' with Iran.

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