Iran and Spain have negotiated cooperation in the field of petrochemical products, an official in the National Iranian Petrochemical Industry (NIPC) said.
“During ministerial talks, it was agreed to produce petrochemical goods in Iran through cooperation between Iranian and Spanish firms,” NIPC Deputy Managing Director Mohammad-Hassan Peyvandi said following the meeting between Iranian Petroleum Minister Bijan Zangeneh and visiting Spanish Minister of Industry, Energy and Tourism Jose Manuel Soria.\
“Knowledge and capacity of Iranian firms have been totally transformed in the last 10 to 15 years. They have invested in industrial infrastructure and will no longer function as consumers of goods and technical knowledge, rather foreign firms have to produce their goods relying on our domestic capacities,” he added.
Referring to Spain’s experience in producing 43 percent of its energy from renewable resources and Iran’s potentials in the field of solar energy, Peyvandi said mutual cooperation can utilize Spain’s technical knowledge.
Zangeneh said Spain has expressed readiness to re-export Iran’s gas to Europe via its LNG terminals which will be negotiated between Tehran and Madrid.
Also Director of International Relations at the Ministry of Petroleum Mohsen Qamsari told Shana Iran has taken measures to regain its pre-sanctions crude oil exports of 200,000 barrels per day to Spain.
European countries are looking for lucrative investment opportunities in Iran that could be unlocked by the nuclear deal in the post-sanctions period.