TEHRAN – Iran will establish six oil refineries in Africa, the chairman of the union of Iranian exporters of oil derivatives announced on Sunday.
Memorandums of understanding have been signed with six African countries and preliminary measures have been taken for finding appropriate places to establish the refineries, the Mehr News Agency quoted Hassan Khosrojerdi as saying.
The refineries are projected to have 20,000 barrels per day of capacity, he added.
In March, the Fars news agency quoted an informed source as saying that Iran has come to terms with Algeria, Angola, and South Africa to build small refineries in these countries.
Iran has also been holding talks with Pakistan to establish refineries in the country, the source said, adding the two sides will hopefully ink a deal in the near future.