Forty Spanish companies are looking for business opportunities after the opening of Iran
Iran has positioned in the spotlight of large global corporations. Since the signing of the renounce of the nuclear program last 14th July, there has been a constant trickle of business missions sent by most Western countries looking for new business opportunities.
After the recent visits of Germany, Italy or France, now it is the turn of the Spanish Government. Actually, during the next week, they will happen to meet in Teheran with the trade missions of the Check Republic and Japan.
A total of 42 Spanish companies will accompany the Spanish delegation, led by the Minister of Foreign Affairs, José Manuel García Margallo; the Minister of Development, Ana Pastor, and the Minister of Industry, José Manuel Soria, in order to open channels to close agreements after the ban lifting, probably next spring.
At present, Iran has 100 MW of wind energy installed, according to Wind Energy Market Intelligence’s data, and intends to reach 2,000 MW installed, which involves an opportunity for some of the Spanish companies that will travel to the country, such as Acciona, Gamesa, Bester, Ingeteam, Isolux and Gas Natural Fenosa.
Right now, the plans involve a first 600-MW development in the province of Ardebil, which will be in charge of developing the company responsible for electric supply, Tavanir.
Iran has two manufacturers of wind turbines, Mapna Group and Sabaniroo, which are also interested in licensing technology.
Gamesa explained that they intend to study the market to analyze the possibility of supplying wind turbines or even becoming promoters of wind or photovoltaic energy.
The country has 8,500 MW of power installed in hydraulic energy, which is an attractive aspect for CHH, and the county has identified fourteen areas for geothermal energy and possible biomass plants that could be of interest for Imabe Ibérica.
The oil industry was the main source of business with Spain in the past. Cepsa even acquired about 70,000 barrels of crude and Repsol 30,000 barrels before the closing of the activity after 2012 banning.
Repsol will head to Iran with the representation of its Managing Director, Josu Jon Imaz, and Cepsa has said that they will also send a senior executive to analyze, in both cases, the possibilities of purchasing some crude. The country is now producing less than 2 million barrels a day and aspires to double its production.
This strong increase is attracting companies such as Tubacex, Tubos Reunidos, Taim Wesser or Intecsa, which may sell services or materials for this development. This is also the case of OHL and Sacyr. Manuel Manrique’s company will study business possibilities for its new alliance with Fluor, as well as matters related with the water industry, a sector in which Acciona is also interested.
For now, Iran is not considering to export gas to Europe as their prices are lower than those registered in Asia, although there may be an opportunity in the next years if they make it through LNG. Gas Natural will also be present in the Spanish commercial mission, as they are interested in purchasing gas from one of the countries with the largest reserves of the world.
The Islamic Republic also wants to attract 20 million visitors in 2025 that could generate an income of 30,000 million USD. Destinia has become the first online agency present in the country since last July and Hotusa and Paradores are looking for possible agreements.
Seat, Domingo Alonso, Castrosua and Grupo Antolín are also travelling with the delegation to try to resume the exports of the motor industry to the country that, until the embargo, was one of the main purchasers of full-fledged vehicles. The Spanish companies intend to come earlier than the plants located in Turkey.
The Government also intends to boost the cultural business with Iran. Actually, Penelope Cruz may act in the next film of the director Asghar Farhadi, which may be filmed in Spain on October 2016 and in which Pedro Almodovar may participate as producer.
Technology will be present with Satec and Fibernet. Cesce and BMCE will be present on the part of the financial sector, as well as trade associations such as the Spanish Confederation of Employers' Organizations (“CEOE”), the Chamber of Commerce and Sercobe to boost the commercial relations.