Doing Business in Iran Post-Sanctions: Opportunities and Challenges (London)
14 Jun 2017, EIC Conference Suite, London SE1 7TP
Open to: All companies
Easily the biggest new market to enter the global economy in over a decade, Iran offers potentially significant opportunities to the UK supply chain. The recent lifting of most economic and financial sanctions previously imposed on Iran means that the UK and its companies are now largely able to trade freely with the Islamic Republic.
This export showcase will provide an overview of the Iran energy market post sanctions, look at current project activity and explain the sector structure of the oil and gas industry.
This event will also address the financial challenges as companies should not give up on working in Iran because the UK banking system is making it difficult. There are solutions available to help companies get paid and trade safely in a sanctions compliant manner.
09.30 Registration and Networking
10:00 Welcome by EIC
10:10 Market overview - Bilateral Government to Government Alan Rides - International Trade Advisor for Country, DIT
10.30 Sector Structure – Oil & Gas Colin Ford, Ardlin Ltd
10.50 EIC Project Overview and Country Insight Report Neil Golding, Head of Oil & Gas & Fabrice Abalain, Regional Analyst, EIC
11.10 Networking break
11.40 Finance Challenges & Solutions Ray Webb, Finance for International Trade Ltd
12.00 Case Study
12.20 Panel with interactive question and answer session
12.50 Closing remarks
13.00 Networking lunch
13.30 One to ones
Iran is the second largest economy and second most populated country in the Middle East and North Africa region (MENA), and ranks as 26th largest economy in the world with an estimated Gross Domestic Product of USD 393.7 billion in 2015. Real GDP growth in 2016 and 2017 is expected to reach 4.2% and 4.6% respectively.
Having entered its sixth development plan set for the 2016-2021 period Iran intends to attract USD 50 billion per year in private investment and create investment opportunities of USD 1.5 trillion between 2016 and 2025 for domestic and foreign investors. Within this plan, the government considers the reform of state owned enterprises, of the financial and banking sector, and the allocation and management of oil revenues as some of their main priorities.
The Persian upstream sector targets to attain an oil production capacity of 4,7 MMbbl/d and a gas production volume of 306 Bcm per year by the end of the quinquennial plan, including the development of 31 priority fields that requires about $130 billion of investment. Iran have been planning the construction of 4 new refineries and the upgrade of 5 of the existing ones. The downstream industry also has the ambition to overtake Saudi Arabia as largest regional petrochemicals producer by reaching 180 million t/y of design capacity by 2025.
Opportunities also lies in the power sector, where Iran plans the construction of 5 GW of new generation capacity each year to reach a total capacity of over 100 GW by the end of the plan. While construction of new gas-fired power plant and optimisation of existing single cycle plant will count for the biggest part, Iran also sees an ambitious nuclear target of producing 20 GW of nuclear energy at the horizon 2030. Finally, the renewable sector is expected to grow steadily and reach 5 GW total installed capacity of solar and wind capacity by 2020.
EIC Members £79.00 + VAT
Non-members £99.00 + VAT
Who should attend
Directors, Finance Managers and Business Development personnel interested in the market.Bookings for this event are now closed.
The EIC accepts bookings in accordance with its Terms and Conditions, see the link above.
If you have a query or wish to make a booking by another method please contact the EIC directly, see details below.