Iran to build oil refineries in Brazil and Spain

Iran to build oil refineries in Brazil and Spain

Iran is negotiating with Spain and Brazil for construction of oil refineries in these countries, the managing director of National Iranian Oil Refining and Distribution Company (NIORDC), Abbas Kazemi, said.

“The international affairs office of National Iranian Oil Company (NIOC) is in charge of these projects and we conduct the feasibility studies,” Tehran Times cited Kazemi as saying.

According to him, NIOC plans to build several oil refineries abroad to expand the country’s oil market.

“The refineries will be designed in a way that their feedstock will be only Iranian crude to guarantees the target market,” Kazemi added.

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