Brazilian Firms keen on Iranian Oil Projects

Brazilian Mining and Energy Minister Fernando Coelho Filho said his country is keen for cooperation in the development of Iranian oil and gas projects.

State-run Petrobras oil company and other firms in Brazil are ready to cooperate with Iranian oil majors and participate in the country’s oil and gas projects, Coelho Filho said on Tuesday during a meeting with Iranian Oil Minister Bijan Namdar Zangeneh in Tehran, Shana news agency reported.

He added that a Brazilian energy delegation would travel to the Iranian capital in the near future to explore opportunities in the Iranian oil market.

The Brazilian minister also said talks between Tehran and Brasilia on enhancing ties in the energy sector would continue.

Zangeneh, for his part, said Tehran welcomes Brazilian firms’ participation in the country’s oil projects.

He added that the Islamic Republic plans to export crude to the South American country in the future.

With 200 million people and a gross domestic product of some $2 trillion, Brazil is Latin America’s largest economy and its most populous country.

(Source: Tasnim, under Creative Commons licence)

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