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Louis Dreyfus Corporation

Louis Dreyfus Corporation

Industry: 
Private Consortium
States: 
CT
Country: 
France
Sources: 

"The world's largest commodity trading houses are first in line to profit from the much expected return of Iran to global markets as Tehran and Washington enter into the final three-months of nuclear talks. While the global oil industry has been seen as the biggest beneficiary of a thaw, commodities traders including Cargill Inc. Glencore Plc, Vitol BV, Trafigura Beheer BV and Louis Dreyfus Commodities BV have a long history in Iran, helping to export its oil and import daily basics like gasoline, wheat and rice... 'We like other people have talked to the Iranians,' Vitol CEO Ian Taylor said in an interview. 'They used to be major players in the markets, but obviously none of us will do anything unless sanctions are actually lifted.'" (Bloomberg, "Top Commodity Trading House Line Up for Iran's Return to Market," 4/20/15)

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Over the last three presidential administrations, the United States government has granted Louis Dreyfus Corporation 19 special licenses to do business in Iran. (New York Times, "Companies with Permission to Bypass Sanctions," 12/24/10)

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"The company was licensed to export “poultry, meat, cotton” and bulk agricultural commodities to both Sudan and Iran. The bulk commodities ranged from kidney beans and lentils to sunflower oil and beet sugar." (New York Times, "Licenses Granted to U.S. Companies Run the Gamut," 12/24/10)