France

CBE Group

Industry
Tunnels
Country
France
Contact Information
Sources

Worked on multiple projects related to the construction of tunnels in Iran between 2003 and 2016." (“Interactive Map – CBE Group Projects,” CBE Group, accessed August 8, 2018.)

--

Listed as  a French member of the Franco-Iranian Chamber of Commerce and Industry

--

"CBE Group recently signed new contracts with a total volume of 256 moulds for tunnelling projects in Saudi Arabia, China, Mexico, India, Hong Kong, Iran and Singapore. These new projects underline once again CBE's commitment to be the world leading manufacturer of segment moulds and precast factories...Another water scheme, the Kani Sib Water Tunnel in Iran will be supplied by CBE with seven sets of moulds and a stationary precast plant. This project will be realised by Petro Omran in the Iranian province of Kurdistan and the concrete rings will have an impressive exterior diameter of 6000 mm, a thickness of 250 mm and a width of 1500 mm. Composition per concrete ring will be of three standard, two counter-key and one key-stone." (CBE News, "CBE Project Update 2014," 6/6/2014)

Ai Group SAS

Industry
Manufacturing
Value of USG Contracts
7245
Value of USG Contract Source
http://usaspending.gov/search?form_fields=%7B"search_term"%3A"Ai+Group"%7D
Country
France
Contact Information
Sources

"May 2014: All the Ai Group team has the honour to announce its participation at the International Oil, Gas and Petrochemical Exhibition in Iran. In Tehran from May 06-09; 2014, Stand G44. We are pleased to invite you to meet our specialists at this event." (Ai Group, "News," 5/1/14)

--

Listed as a French member of the Franco-Iranian Chamber of Commerce and Industry

 

 

 

Sofregaz

Industry
Energy
Country
France
Contact Information
Sources

"Gas services company SOFREGAZ S.A. signed a $42 million deal with Iran's state oil company NIOC on Wednesday on collecting and reusing natural gas that is being burned off in South Pars Gas Field in the Persian Gulf. The French firm will work with its Iranian partner, Sanat Sazeh Samin Company, to recycle 450,000 cubic meters of associated petroleum gas per day that is flared at South Pars 2nd Refinery, the NIOC news portal reported." (September 7, 2017)

--

"French company, Sofregaz, has been fined $10 million for failing to implement a gas project in Iran. An international court in France has voted that the French company should pay $10 million to Iran for failing to meet its contractual obligations in establishing a gas storage facility in the country, Iran’s IRNA news agency reported on Sept. 17. Sofregaz had signed a contract to establish Yurtsha gas storage facility in Iran’s central city of Varamin." (Trend, "French Company Fined $10M for Failing to Implement Gas Project in Iran," 9/17/14)

Nasco Insurance Group of France

Industry
Financial Services
Country
France
Sources

"IranianRe leadership has met key executives at SCOR, PartnerRe, and Nasco Insurance Group to negotiate potential partnerships, as Iran’s biggest reinsurer follows a strategy of transferring risk to foreign reinsurers, according to the Financial Tribune." (December 13, 2017)

--

"The new round of activities by foreign insurance companies in Iran has started with Nasco Insurance Group of France opening its office in Tehran. The French insurance company this week hosted a number of activists from the private sector and those engaged in insurance industry. Addressing the meeting, Gabriel Bejjani, Managing Director of Nasco brokerage, voiced optimism about presence of Iranian insurance activists in the business. He said Iranian insurance industry has successfully passed the transition period and entering competition and it will soon find its real status in the country's capital market. He said interactions between Iranian insurance companies and well-credited international companies will prepare the ground for entry of Iran in the big global markets. Receipt of license from central insurance to open a liaison office in Iran was the first confidence-building step taken by Iran, urging other companies to follow suit." (Islamic Republic News Agency, "Foreign Insurance Companies Resume Business in Iran," 11/12/14)

Bernard Controls

Industry
Industrial Services, Manufacturing, Energy
States
TX
Country
France
Contact Information
Sources

On its Company Website, Bernard Controls lists a distributor in Iran through Tehran-based company Aria Tajhiz Apadana. (Bernard Controls Website, "Contacts: Middle East")

--

Bernard Controls SA (“Bernard Controls”) reportedly agreed to exhibit at the 22nd International Oil, Gas, Refining, and Petrochemical Exhibition (the “Exhibition”) that took place in Tehran on May 6-9, 2017.

--

Bernard Controls attended Iran’s 19th annual oil and gas show between May 6-9. During the show, a Bernard Controls spokesman told Press TV that “this exhibition is a strategic importance for Bernard Controls,” and that “we want to grow” our presence in Iran. (Press TV, “Foreign firms rushing towards Iran's oil market,” 5/6/14)

Natixis

Industry
Banking
Symbol
EPA: KN
States
NY
Country
France
Contact Information
Sources

UANI notes Natixis’s presence on the Government of Bulgaria’s list of Foreign Banks & Financial Institutions and Iranian Banks Abroad Working with Iran. (Government of Bulgaria Website, “Foreign Banks & Financial Institutions and Iranian Banks Abroad Working with Iran,” 1/19/2017). 

--

Natixis has a major U.S. presence, including through its subsidiary Natixis Wholsale Banking Americas.

--

“A high-profile delegation from Western companies, including cement maker Lafarge SA and bank Natixis SA, came in February on a trip organized by a French business association. Executives raced through a packed meeting schedule that included half of Iran’s cabinet, the country’s customs agency and Tehran Mayor Mohammad Bagher Qalibaf. Lafarge and Natixis confirm that the trip occurred and say they have no current presence in Iran.” (Wall Street Journal, “As Iran Sanctions Ease, Western Firms Seek a Way In,” 3/27/14)

--

"A/S O,Brien met with senior Banque Natixis officials, Dominique Ferrero (Director General), Andre-Jean Olivier (Director of Finance), and Christian Gissler (Chief Risk Officer) to discuss the risks of doing business with Iran…Ferrero stated that although they have a representative office in Tehran, their financial activity with Iran is minimal, and he highlighted that Banque Natixis has a real presence in the US, which yields many benefits for the bank, including substantial profits and business.” (WikiLeaks, “(S/NF)MFA BRIEFS ON FURTHER ACTION AGAINST IRAN INCLUDING IN UNSC,” 9/13/07) 

Michelin

Industry
Automotive
Value of USG Contracts
685
Value of USG Contract Source
http://www.usaspending.gov/search?form_fields=%7B%22search_term%22%3A%22michelin%22%2C%22recipient_duns%22%3A%5B%22001667161%22%5D%7D&sort_by=dollars&per_page=25
Symbol
Euronext: ML
States
SC
Country
France
Sources

Michelin has a major U.S. presence

--

“Temporary sanctions relief hasn’t yet translated into an economic turnaround in Iran. But at the Melal Hotel, business hasn’t been this good in years. Employees of French drug maker Sanofi Aventis SA and tire maker Cie. Générale des Etablissements Michelin mingle on a recent morning among the still lifes and faux-leather chairs of the hotel dining room...Businesses exploring the Iranian market ‘do so at their own peril right now,’ U.S. President Barack Obama said last month, ‘because we will come down on them like a ton of bricks.’ But that hasn’t stopped companies from boosting their presence or sending in advance teams—essentially making exploratory visits in the hopes that sanctions may be lifted further and permanently... Sanofi and Michelin decline to comment.” (Wall Street Journal, “As Iran Sanctions Ease, Western Firms Seek a Way In,” 3/27/14)

--

"International firms racing to do business with post-sanctions Iran could jeopardize their contracts with the the United States military. Three Republican lawmakers who serve on the House Armed Services Committee warned French firms last week that dealings with Iran could make it impossible to do business with the Pentagon in the future. ‘We write to you with grave concern about what we see as the unraveling of our sanctions regime involving the nuclear weapons, ballistic missile, and terrorism activities of the Islamic Republic of Iran,’ wrote Reps. Doug Lamborn (R-CO), Trent Franks (R-AZ), and Joe Heck (R-NV), in a Feb. 18 letter to Defense Secretary Chuck Hagel, obtained by The Daily Beast. The lawmakers noted that over 100 French business executives traveled to Iran in early February…But one of the firms represented at the meeting also has earned over $2.4 billion from contracts with the U.S. military since 2007 – Michelin. The lawmakers singled out Michelin and called their participation in the Iran trip ‘greatly troubling.’ ‘We urge you to direct the Department to make clear to Michelin that any business with the Islamic Republic of Iran would make further contracts with the Department of Defense impossible,’ the lawmakers wrote to Hagel. They also asked the Pentagon to report back on how the U.S. government could terminate existing contracts with Michelin, if it wanted to, as well as what would be the costs of such terminations. A Congressional aide close to the issue said that if Michelin does enter into new business with Iran, lawmakers would try to use the annual defense appropriations and authorization bills to cut off the flow of U.S. taxpayer money to the French company…The Pentagon did not respond to a request for comment and has not yet responded formally to the lawmakers’ letter…Michelin's Managing Chairman Jean-Dominique Senard told The Wall Street Journal earlier this month that the company wants to resume business in Iran if sanctions are lifted and does not want to lose out to other companies preparing to take advantage of the new opportunities there. ‘What I don't want is that when trading with Iran eventually resumes we discover that other companies have profited from a situation in which we have toed the line,’ he said. ‘That would be very upsetting.’” (The Daily Beast, “Lawmakers Warn Michelin Over Iran,” 2/24/14)

--

“Michelin is keen to resume exporting its car and truck tires to Iran once international sanctions on trading with the country are lifted and is keeping a watchful eye on competitors that might try to get a head start by bending the rules. Cie Générale des Etablissements Michelin was part of a delegation of more than 100 French company executives that visited Tehran last week to sound out the local authorities over prospects for a resumption of normal commercial relations between Iran and the rest of the world…’We are extremely respectful of the international embargo rules, but we need more visibility on what's happening,’ Michelin's Managing Chairman Jean-Dominique Senard told The Wall Street Journal Tuesday. Iran was Michelin's biggest market in the Middle East until international sanctions over Iran's nuclear ambitions were imposed. Its exports to Iran were eventually phased out in 2011…Mr. Senard said Michelin was treading cautiously. ‘What I don't want is that when trading with Iran eventually resumes we discover that other companies have profited from a situation in which we have toed the line. That would be very upsetting.’ Meanwhile, Michelin said it would cushion the blow to shareholders of a 28% decline in net profit last year by increasing its dividend as it forecast a recovery in sales' volumes this year.” (Wall Street Journal, “Michelin Eager to Resume Iran Trade,” 2/11/14)

Lafarge

Industry
Construction, Manufacturing
Value of USG Contracts
1
Value of USG Contract Source
http://www.usaspending.gov/search?form_fields=%7B%22search_term%22%3A%22lafarge%22%2C%22recipient_duns%22%3A%5B%22067568246%22%2C%22102423613%22%2C%22131486177%22%2C%22040345196%22%5D%7D&sort_by=dollars&per_page=25
Symbol
EPA: LHN
States
AL
AK
CT
FL
IL
IA
KY
MA
MI
MO
NH
NJ
NM
NY
OH
OR
PA
RI
SC
WA
WV
Country
France
Contact Information
Sources

In 2014, CalSTRS designated Holcim Ltd. as “Under Review” for potentially having ties to Iran. In 2015, Holcim Ltd. merged with Lafarge SA to create LafargeHolcim Ltd. CalSTRS reinitiated the review process on the merged company to evaluate its internal controls and compliance procedures. In 2017, CalSTRS maintained LafargeHolcim Ltd. in the “Being Monitored”
designation. In 2018, CalSTRS removed LafargeHolcim Ltd. after reviewing the company’s business with Iran and internal controls to prevent sanction violations.

--

Lafarge lists a "North America" website.

--

“A high-profile delegation from Western companies, including cement maker Lafarge SA and bank Natixis SA, came in February on a trip organized by a French business association. Executives raced through a packed meeting schedule that included half of Iran’s cabinet, the country’s customs agency and Tehran Mayor Mohammad Bagher Qalibaf. Lafarge and Natixis confirm that the trip occurred and say they have no current presence in Iran.” (Wall Street Journal, “As Iran Sanctions Ease, Western Firms Seek a Way In,” 3/27/14)

--

"A visit to Iran by 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. The 116-strong French delegation, with representatives from major companies like Total, Lafarge and Peugeot, was the largest of its kind from Europe since a landmark nuclear deal 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 Monday, wanted to assess the commercial opportunities opened up by the easing of Western sanctions…The French were given a warm welcome by Iranian leaders, who promised new measures to encourage foreign investment, particularly in its oil and gas sector. In a speech to them, Deputy Oil Minister Ali Majedi said Iran's latest five-year plan, running from 2010-2015, calls for $230 billion of investment in its petroleum industry, of which $150 billion would go to upstream activities, according to the official IRNA news agency. He said nearly all downstream projects, for refineries and distribution, would be offered on a build-operate-transfer (BOT) or build-own-operate-transfer (BOOT) basis.” (AFP, “French business push in Iran draws US sanctions warning,” 2/4/14)

Orange

Industry
Telecommunications
Symbol
Euronext: ORA
Country
France
Contact Information
Sources

According to its Annual Report filed with the SEC for fiscal year 2019: "Orange conducts limited business in Iran, all of which relates to telecommunications. The total revenue from these activities constitutes much less than 1% of the Group's consolidated revenue in 2019. Section 13 (r) of the United States Exchange Securities Act of 1934 requires an issuer to disclose in its annual or quarterly reports, as applicable, certain activities, including certain transactions or dealings relating to the “Government of Iran” as defined under § 560.304 of the Iranian Transactions and Sanctions Regulations (31 C.F.R. Part 560). Disclosure may be required even where the activities, transactions or dealings are conducted outside the United States by non-U.S. affiliates in compliance with applicable law and regardless of whether the activities are sanctionable under U.S. law.

In compliance with the Section 13(r), Orange is disclosing that Orange’s Enterprise operating segment provided (through indirect, wholly-owned subsidiaries of Orange SA) telecommunication services to certain international public organizations and multinationals in Iran. These telecommunication services represented in 2019 gross revenues of approximately 3.3 million euros and a net profit of approximately 0.3 million euros. Orange intends to continue carrying out these activities."

--

In 2017, CalSTRS designated Orange SA as “Under Review” for potentially having ties to Iran. In 2018, CalSTRS removed Orange after confirming the company had curtailed its ties to Iran and reviewing the company’s internal controls.

--

In 2017 the U.S. state of California listed Orange as a company under review for reportedly providing consulting services to Iranian government owned companies.

--

"Sofrecom, an indirect wholly-owned subsidiary of Orange S.A. that is incorporated in France provides consulting services in the telecom field, including with respect to networks and marketing. In 2016, Sofrecom provided certain services to and/or engaged in transactions with ZAIEM, MCCI, TCI, NAK and MobinNet which fall or may fall within the definition of the government of Iran. Globecast, an indirectly, wholly-owned subsidiary of Orange SA that is incorporated in France, operates a global satellite and fiber network to manage and transport video and other media of its customers for delivery to direct-to-home satellite platforms:  cable, IPTV, mobile and broadband head-ends. Following the waiver of certain sanctions against the Islamic Republic of Iran Broadcasting (IRIB) in February 2014, and while IRIB remains a specially designated national (SDN), Globecast entered into two satellite broadcast agreements with the IRIB ending respectively on June 9, 2017 and July 31, 2018 (agreements subject to renewal).Telecommunication services are provided by the Enterprise operating segment (through indirect wholly owned subsidiaries of Orange SA) to certain international public organizations and multinationals in Iran solely to carry out telecommunications services that are otherwise authorized." (2017

--

"French telecoms network operator Orange will continue to see slow growth in revenues in the Middle East and Africa this year, its regional business chief said. The company sees the region as key to its future, especially since it sold its mobile operations in Britain and Switzerland, but is struggling to turn it into a strong growth driver as talks with a potential partner in Iran drag on and economic conditions in some African markets remain challenging... Talks with Iran's largest mobile operator, Mobile Telecommunication Company of Iran (MCI), meanwhile are 'very far' from reaching a final agreement, Mettling said. The discussions, which were revealed last year, first aim at a commercial agreement. 'It's very long, it's very slow, it's very complicated,' Mettling said." (Reuters, "Orange Sees More Slow Growth in Middle East," 2/28/2017).

--

"Paris Ambassador to Tehran François Sénémaud announced that the French-based satellite provider, Eutelsat, plans to win [a] contract with Iran to build a satellite for the country. "The Eutelsat company seeks cooperation with the Iranian Space Agency and is preparing a draft of its proposals to participate in the tender for build a satellite," Sénémaud said in a meeting with Iranian Communications and Information Technology Minister Mahmoud Vaezi in Tehran on Saturday. He said that Eutelsat and the French telecommunications operator, Orange, are also in talks with the Iranian firms to increase mutual cooperation." (Fars News, "French Envoy: Eutelsat Eager to Send Offer to Iran Satellite Tender," 10/26/2016).

--

Sources: 

Orange is listed as a speaker at the 2016 Iran Connect Conference that took place from September 6-7 in Tehran, Iran. The conference brought together international telecom companies looking to access the Iranian market. (Iran Connect Brochure, 2016).

--

"France’s Orange SA has entered preliminary talks to buy a piece of Iran’s largest cellular operator in what would mark the first acquisition of a stake in a major Iranian firm by a Western company since nuclear sanctions were lifted in January. Orange, France’s largest telecom company, is one of several European companies that have held discussions about taking a stake in Mobile Telecommunication Co. of Iran, according to people familiar with the matter. The names of the others couldn’t immediately be learned... The Paris-based company is discussing a commercial and technical agreement as well as a share purchase, the people said. Orange, which is 23%-owned by the French government, is navigating difficult straits as Iran strains to open its markets up to the West. It needs to squeeze financing for a potential deal out of Western banks that are fearful of being hit by remaining U.S. sanctions. In addition, MCI’s parent company, Telecommunication Co. of Iran, or TCI, is owned by a group of companies that in some cases lead back to Iran’s Revolutionary Guards Corps, a paramilitary force that runs large swaths of the Iranian economy and remains under U.S. sanctions for its alleged involvement in terrorism, an accusation it denies... Orange has been planning its move into Iran for years. Its consultancy unit, Sofrecom SA, has provided technical assistance to TCI and advised its management since at least 2014, according to invoices reviewed by The Wall Street Journal." (Wall Street Journal, "French Carrier Pursues Stake in Iranian Wireless Firm," 08/31/2016).

--

“Temporary sanctions relief hasn’t yet translated into an economic turnaround in Iran. But at the Melal Hotel, business hasn’t been this good in years...two managers from French telecommunications company Orange SA stayed at the Melal, which is nestled on a quiet street of the Valiasr business district and offers suites appointed with engraved copper fireplaces and embroidered Persian sofas…Businesses exploring the Iranian market ‘do so at their own peril right now,’ U.S. President Barack Obama said last month, ‘because we will come down on them like a ton of bricks.’ But that hasn’t stopped companies from boosting their presence or sending in advance teams—essentially making exploratory visits in the hopes that sanctions may be lifted further and permanently...An Orange representative said its executives visited Tehran recently with an eye toward offering consulting services to Iranian phone companies.” (Wall Street Journal, “As Iran Sanctions Ease, Western Firms Seek a Way In,” 3/27/14)

--

“A delegation of more than 100 French companies is set to visit Tehran on Monday in the biggest demonstration of western business interest in Iran for more than a decade. The three-day visit, which includes top French companies such as oil major Total, engineer Alstom, telecoms group Orange and carmaker Renault, has raised hopes in Iran that an interim deal on its nuclear programme could lead to a return of foreign investment. This was sharply curtailed after sanctions were imposed in retaliation for Tehran’s perceived bid to acquire nuclear weapons. Although France has adopted a tough stance against Iran’s nuclear programme, it is also moving quickly to position French business to take advantage of last month’s potential opening up of a big new market for its companies.” (Financial Times, “French business delegation aims for early bird advantage in Iran,” 2/2/14)

--

In its January 24, 2014 20-F/A form submitted to the USA Securities Exchange Commission, Orange disclosed that “Orange conducts limited business in Iran, all of which relates to telecommunications.  The total revenue from these activities constitutes much less than 1% of the Group's consolidated revenue in 2012.  Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 requires an issuer to disclose in its annual or quarterly reports, as applicable, certain activities, including transactions or dealings relating to the government of Iran. Disclosure is required even where the activities, transactions or dealings are conducted outside the United States by non-U.S. affiliates in compliance with applicable law, and whether or not the activities are sanctionable under U.S. law.  In compliance with the Iran Threat Reduction, Orange is disclosing the following matters:

•Sofrecom, an indirect wholly-owned subsidiary of Orange S.A. that is incorporated in France provides consulting services in the telecom field, including with respect to networks and marketing.  In 2012, Sofrecom provided certain services to MCCI and TCI, which fall within the definition of the government of Iran.  The gross revenue in connection with these activities in 2012 was approximately €4.9 million and the estimated net profit was approximately €1.2 million.  Sofrecom intends to continue to provide its services.

•Globecast, an indirectly, wholly-owned subsidiary of Orange S.A. that is incorporated in France, operates a global satellite and fiber network to manage and transport video and other rich media of its customers for delivery to direct-to-home satellite platforms:  cable, IPTV, mobile and broadband headends.  In 2012, Globecast provided certain services to the Islamic Republic of Iran Broadcasting (IRIB).  Globecast promptly took steps to terminate the contracts and services after the IRIB was placed on a list of “specially designated nationals” in early 2013.  Globecast has since terminated all contracts with the IRIB.  The gross revenue attributable to Globecast’s activity with the IRIB was €5,566,698 in 2012, with an estimated net profit of approximately €1.03 million.

•Equant S.A., a French company that is an indirectly wholly-owned subsidiary of Orange S.A.  procures certain network capacity from the Telecommunications Company of Iran solely to carry out telecommunications services that are otherwise authorized.  Equant S.A. intends to continue procuring network capacity in order to carry out these activities; the procurement of network capacity represents no revenue and no net profits.” (USA Security Exchange Commission, "FORM 20-F/A-Orange" 1/24/14)

L'Oreal

Industry
Retail
Value of USG Contracts
53
Value of USG Contract Source
http://www.usaspending.gov/search?form_fields=%7B%22search_term%22%3A%22l%27oreal%22%7D
Symbol
FP:OR
States
NY
Country
France
Sources

L'Oreal lists a USA website.

--

“Iran [welcomes] the most senior French trade delegation in years on Monday, telling more than 100 executives that the farsighted among them stood to win the race for business following an easing of some economic sanctions…’A new chapter has begun in relations between Iran and Europe,’ Mohammad Nahavandian, President Hassan Rouhani's chief of staff, was quoted as saying by the official IRNA news agency. ‘You should carry the message back that potential for cooperation with Iran is real and not to be overlooked,’ he told the delegation. ‘Those with longer foresight stand to win this race.’ The delegation of more than 100 executives from Medef, the French employers' association, on a Feb 2-5 trip, met Nahavandian and members of Iran's Chamber of Commerce, Industries, Mines and Agriculture, IRNA said. A source close to the delegation told Reuters it was the most senior group of entrepreneurs and financiers to visit Iran since the 1979 revolution, representing the defence, aviation, petrochemicals, automotive, shipping and cosmetics sectors. Among companies represented were Safran, Airbus, Total, GDF-Suez, Renault, Alcatel, Alstom, Amundi and L'Oréal, the source said. ‘Many of these firms have worked in Iran before and their goal now is to restore links,’ the source said. ‘The very makeup of the delegation shows these people are here to evaluate potential for cooperation.’ A French embassy source in Tehran said the visit was merely exploratory and ‘nothing is to be signed this time around.’” (Reuters, “Iran welcomes French business chiefs after sanctions eased,” 2/3/14)