Deputy Oil Minister Abbas Kazemi said that Iran will have a 50-percent cooperation in the construction of a refinery in Spain, if its crude oil requirement is entirely supplied by Islamic Republic.
Talking to IRNA, Kazemi said Brazil and Spain have voiced willingness to cooperate with Iran in constructing oil refineries. "Once the contract is finalized and Iran makes 50-percent investment in Spain and Brazil, they will buy all of their required crude oil from Iran," he added.
Kazemi reiterated that a consortium will be established by Iranian private sector for investment in oil refineries.
Touching on Iran's participation in the renovation of South African refineries, he said they have presented their proposals but the Iranian side has not yet taken any steps to the effect.
On the purchase of several refineries in Greece and India, Kazemi noted that the Oil Ministry would follow up such plans, but he is unaware of the details of the plans.
Earlier, Kazemi had said Iran is mulling a plan to build or buy refineries in other countries to guarantee long-term sale of its crude oil.
He noted that investing in overseas refineries is one of the most common ways used by oil producing countries to boost crude exports, saying, "Therefore, the Iranian Oil Ministry is planning to invest in refineries in countries whose crude oil is being supplied by Iran."
At present, some littoral states of the Persian Gulf, which are among world's major oil exporters, own a remarkable number of oil refineries in Europe, Asia and the Americas, which have greatly increased their clout in global energy markets.
Iran has likewise received proposals to buy or build overseas refineries in Asian, European, African and Latin American countries.