News Post
Iran mulls investment stakes in foreign refineries
DUBAI (
Reuters) - Iran holds a stake in a
refinery project in Malaysia and is considering taking stakes in
projects in five other countries, the managing director of the National Iranian Oil Engineering and
Construction Company (NIOEC) was quoted as saying on Monday.
Hamid Sharif Razi said the NIOEC holds a 30% stake in a 250,000-bpd
refinery project in Malaysia, and was planning to take a 40% stake in a 300,000-bpd
refinery in Indonesia, according to the
Shana news agency.
The NIOEC is also in talks with South Africa, Sierra Leone, Brazil and
India, he said, adding the purpose of the
projects was to guarantee Iranian crude exports and, if necessary, a source of product imports.
(Reporting by Sam Wilkin; Editing by Mark Potter)
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