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 Maranhão 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 Márcio Félix said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.