Feb 8, 2016, 7:59 PM
News Code: 81955381
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Iran planning to build refineries in six countries

Tehran, Feb 8, IRNA – Managing Director of National Iranian Oil Engineering and Construction Company Hamid Sharif Razi said on Monday that Iran is negotiating with six countries for constructing and buying shares of refineries.

The six countries Iran is seeking partnership in constructing their refineries or buying part of the shares of their refineries are Malaysia, Indonesia, South Africa, Sierra Leone, Brazil and India, the official said.
Sharif Razi also said that Iran is cooperating with Malaysia in constructing a refinery with the capacity of refining 250,000 b/d.
Malaysia is seeking to develop the refinery to a petro-refinery complex, something that is partly different from Iran's goals, he said.
A Malaysian delegation is due to visit Iran soon for negotiations on how to continue the cooperation, he added.
He said that Iran's aim of partnership in developing foreign refineries is to guarantee oil sales and imports of oil products.