French companies are eyeing the Turkish energy sector following the resumption of diplomatic ties between the two countries.

Turkey broke off all relations with France in December after the Paris parliament voted to make it illegal to deny that a mass killing of Armenians by Ottoman Turks during World War I was genocide.

The law was overturned two months later and the election of Francois Hollande is said to have further boosted relations.

Following a meeting between Hollande and his Turkish counterpart Tayyip Erdogan, Turkey’s energy minister Taner Yildiz said that the country’s power sector was “ready for a variety of co-operation with France”.

He added: “I believe that from now on the prospects will be much better compared to the time of [Nicolas] Sarkozy.”