A French company retires from Iran to protect itself from sanctions



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Rodolphe Saade, general manager of CMA CGM, said in a speech at the economic meetings of Aix-en-Provence that Davos was France's decision to withdraw from the country because of "sanctions of Trump administration against Tehran "

A joint venture agreement was signed between CMA CGM and Iranian Maritime Lines, including the operation of common lines, the exchange of activities or the Terminal leasing and terminal use in 2016.

Total, Airbus, ATR, Peugeot, French companies such as Renault and BNP Paribas announced that they had decided to withdraw from the Iranian market or postpone their investment.

Patrick Pouyanne, CEO of Total, told RTL Radio that he had retired from Iran

Pouyanne, who spent $ 15 billion a year on the yacht [19659002] Total, the consortium that undertook the development of the 11th phase of the South Pars gas field in Iran, according to the $ 4.8 billion contract signed on July 4, 2017, to have 50.1 percent.

On July 14, 2015, US President Donald Trump will visit P5 + 1 in the Austrian capital of Vienna with a total of 30%, followed by the Chinese company CNPC and 19.9% ​​of the Iranian company Petrobras. (COPD), signed between Iran, the United States, China, Russia, Britain, France and Germany, and Iran on January 16, 2016, and the sanctions against Iran will be implemented. The Trump administration is pushing its allies to get off the oil supply in Iran. Following Trump's decision, the US Treasury Department announced that the first package of sanctions for Iran would come on August 6, and the second package of sanctions would come on Nov. 4.

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