Winners and Losers if Sanctions Lifted

By John Lee.

An analysis by Fortune magazine lists the expected winners and losers from a lifting of sanctions on Iran.

Winners

  • EU automakers: Companies such as Germany’s Mercedes-Benz, and Peugeot and Renault of France, are identified as being well positioned to take advantage of Iran’s large market.
  • Oil services companies: Iran says it needs $230 billion worth of upgrades to its energy facilities, which the magazine sees as good news for Schlumberger and Halliburton.
  • Airplane makers: Iran plans to buy 400 planes in the next decade, a potential boon for Boeing and Airbus.

Losers

  • Chinese manufacturers: China-Iran trade was $44 billion in 2014, but the report says “the Chinese companies could soon be sharing their captive market with Western competitors“.
  • Russian oil and gas firms: Iran aims to double its oil exports, which could drive down global prices and hit Russia particularly hard in its key markets of Asia and Europe.
  • US Pistachio growers: Nut growers in California have benefited from sanctions, but Iranian farmers are prepping for a big return.

(Source: Fortune)

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