EDF

Published : September 21st, 2015

With eye to Rouhani Paris visit, French firms head to Iran

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

With eye to Rouhani Paris visit, French firms head to Iran

(Adds attibution in third paragraph)

By John Irish and Sybille de La Hamaide

PARIS, Sept 19 (Reuters) - A senior French economic and political delegation heads to Tehran on Sunday to lay the groundwork for the first business contracts between France and Iran since an accord to curb its nuclear programme in July.

France's main business lobby group, the Medef, is sending a delegation comprising more than 100 firms to Iran, including companies such as oil major Total, planemaker Airbus and car manufacturer Peugeot.

"We're trying to identify areas where we can move forward, but we're not going to do business at any cost," said a senior French official.

The delegation includes most of France's CAC 40 companies, but also small and medium enterprises with sectors as wide-ranging as agriculture, finance, luxury goods, pharmaceuticals, construction and transport represented.

Heading it up are Agriculture Minister Stephane Le Foll and Trade Minister Matthias Fekl, who will open a new trade office in the Iranian capital on Sept. 22.

France took one of the hardest lines of the six powers negotiating the nuclear agreement with Iran.

But Foreign Minister Laurent Fabius, who travelled in the summer to Tehran to smooth over ties, has said he does not believe that will hurt its companies once international sanctions against the Islamic Republic are lifted. Iranian President Hassan Rouhani is due to visit Paris in November.

Officials say Paris may initially secure deals in areas that were not specifically hit by European Union and U.S. sanctions, most notably in the agriculture and livestock sectors, in which France has relatively little activity in Iran.

"We're going to work on subjects in particular in agriculture and agribusiness," Le Foll told Reuters.

"We'll see the potential and the possibilities for trade with Iran and that also means in the agriculture sector, most notably in meat and chicken."

One official said the visit could lead to expressions of interest that could become agreements by November, although big contracts were impossible until the lifting of sanctions.

Sanctions lifting would begin in the first quarter of 2016 if Iran meets its obligations under the deal, designed to stop it acquiring nuclear weapons.

In the aftermath of the nuclear deal, some French executives have said that their firms have fallen behind their main European, American and Asian rivals.

French imports from Iran fell to just 62 million euros in 2013 from 1.77 billion in 2011. Exports fell to 494 million euros in 2013 from 1.66 billion in 2011, according to French foreign ministry estimates.

French companies were once heavily involved in the Iranian market, but European Union and in particular U.S. sanctions adopted in 2011 scared them away.

BNP Paribas was fined almost $9 billion in 2014 for transactions violating U.S. embargoes. Diplomats and executives say that until there are iron-clad guarantees from the United States that companies will not be penalised should sanctions be re-imposed on Iran, they are likely to remain prudent before committing themselves.

"The objective is to discover, learn and understand so that afterwards we can put projects together in the short to medium term," French agricultural cooperative Axereal's Secretary General Stephane Michel told Reuters.

"There are still constraints, especially currency problems. The country is not linked to the global financial system and American sanctions have not been lifted." (Additional reporting by Gus Trompiz; Editing by Angus MacSwan)

Read the rest of the article at finance.yahoo.com
Data and Statistics for these countries : France | Iran | All
Gold and Silver Prices for these countries : France | Iran | All

EDF

CODE : EDF.PA
ISIN : FR0010242511
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

EDF is a producing company based in France.

EDF is listed in France, in Germany, in United Kingdom and in United States of America. Its market capitalisation is €UR 32.9 billions as of today (US$ 37.6 billions, € 32.9 billions).

Its stock quote reached its lowest recent point on December 09, 2016 at €UR 10.01, and its highest recent level on May 17, 2023 at €UR 12.00.

EDF has 2 741 879 808 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Project news of EDF
1/5/2015Agreement with Gazprom for the acquisition of EDF’s stake in...
Corporate news of EDF
1/28/2016PRESS DIGEST- Financial Times - Jan 28
1/28/2016[$$] Areva move piles pressure on EDF
1/26/2016[$$] EDF delays decision on £18bn Hinkley Point nuclear powe...
1/15/2016GLOBAL LNG-Prices sink on Argentina tender result and new su...
1/6/2016[$$] Few investors shed tears over EDF's lofty fall from the...
12/24/2015GLOBAL LNG-Prices steady in subdued market
12/18/2015GLOBAL LNG-February prices dip as Pakistan nears 120 cargo a...
12/10/2015EDF: socket to them
12/8/2015EDF powerless to stop exit from France's CAC 40 index
11/27/2015Court cuts cost of gas Eni sold to Edison by 1 bln euros
11/27/2015GLOBAL LNG-Prices slip as demand wanes, supply ramps up
11/25/2015Nuclear exit unthinkable for climate conference host France
11/20/2015GLOBAL LNG-Prices up on tight supply, Indian demand evaporat...
10/26/2015Big firms say EU carbon reforms do not go far enough
10/21/2015China seeks to build chain of UK nuclear plants
10/21/2015Xi to ink nuclear power deal as UK seeks Chinese investment
10/21/2015China's CGN signs $9 bln British nuclear deal in return for ...
10/21/2015China's Xi says taken steps to reduce steel capacity
10/19/2015China to take one-third stake in Hinkley Point power project
10/19/2015PRESS DIGEST- Financial Times - Oct 19
10/1/2015EDF close to sealing Hinkley Point deal
9/29/2015Total targets 8 percent of French B2B electricity market
9/24/2015PRESS DIGEST- British Business - Sept 24
9/23/2015Investors shun UK's £24bn Hinkley Point nuclear project
9/21/2015Cheniere signs deal to sell 24 LNG cargoes to France's EDF
9/21/2015With eye to Rouhani Paris visit, French firms head to Iran
9/3/2015Next-generation EDF nuclear plant delayed again as costs ris...
8/4/2015Areva and EDF can end rivalry with rescue deal, says chairma...
7/31/2015Edited Transcript of EDF.PA earnings conference call or pres...
7/30/2015Lossmaking Areva needs ?7bn capital injection
7/30/2015EDF Profit Holds Steady as Areva Partnership Takes Shape
7/27/2015French state faces ?5bn bill to rescue struggling Areva
7/22/2015EU orders EDF to repay ?1.4bn to France
7/21/2015Areva refinancing cost could double, sources say, as govt se...
7/16/2015Israel's Delek confident of quick sale of Tanin, Karish gas ...
7/5/2015French renewables power grid pilot shows limits of batteries...
6/5/2015At EDF, Lévy is handed his toughest business task yet
6/4/2015Areva loses its reactor heart to EDF under French state plan
6/4/2015France Grapples With a Knotty Nuclear Problem
6/3/2015Areva and EDF to merge reactor businesses
5/31/2015Productivity gains from a shorter working week
5/31/2015The end of long holidays would be a new French revolution
5/26/2015French utility EDF seeks to cut workers' 10-week holiday quo...
5/26/2015French utility EDF seeks to cut holiday for white-collar wor...
5/22/2015French landlord Powerhouse Habitat set to go public
5/21/2015Engie will not acquire struggling French nuclear group Areva
5/19/2015EDF chief outlines full takeover of Areva's nuclear reactor ...
5/12/2015Henri Proglio refuses to take up Thales chairmanship
4/10/2015Announcement following the EDF Board of directors' meeting h...
4/2/2015EDF axes 400 jobs at Hinkley Point nuclear project
3/19/2015Power grid operators aim to get smart as Europe turns green
3/11/2015Areva must escape the long shadow of the French state
1/29/2015PRESS DIGEST- Financial Times - Jan 29
1/28/2015PRESS DIGEST- British Business - Jan 28
1/19/2015Global nuclear decommissioning cost seen underestimated, may...
1/11/2015With election in mind, UK's Labour seeks energy price cuts
1/11/2015Eyeing election, UK's Labour seeks to force energy firms to ...
12/12/2014The EDF Group joins Eletronorte and CHESF in Brazil for the ...
11/6/2014Quarterly financial information
10/16/2014Composition of the Board of Directors of EDF: convocation no...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
PARIS (EDF.PA)LSE (EDF.L)
12.00+0.00%5,490.000
PARIS
€UR 12.00
05/17 18:35 -
0%
Prev close Open
12.00 12.00
Low High
12.00 12.01
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
11.90 -  12.00 0.840%
Volume 1 month var.
238,073 -%
24hGold TrendPower© : -19
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20240.00%
20230.00%12.0511.74
202217.59%9.8710.02
2021-20.86%9.9510.05
202029.05%9.9710.40
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.82+1.69%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.22+1.63%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55+2.59%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.48-1.59%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.84-1.31%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19-7.32%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.85-2.63%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.83+0.78%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :