Bid & Tender
Chinese, Indian, Iranian Firms Eye $10bn New Refinery in Brazil

Date : Nov 27, 2017

Chinese, Indian and Iranian firms are discussing a partnership to invest between $7 billion and $10 billion to build a new oil refinery in the state of Maranhao in northeastern Brazil, a government official said on Friday.

 

Negotiations over the refinery, with proposed capacity of 300,000 barrels per day, are ongoing between the companies and local officials, Oil and Gas Secretary Marcio Felix said.