Sofregaz

"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) (http://en.trend.az/iran/business/2312914.html)

"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) (https://financialtribune.com/articles/energy/71962/french-co-in-42m-deal-with-iran-to-reduce-south-pars-gas-flaring)