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Crisis-Ridden Brazil Lures Iran and India on Oil Deal - Bloomberg

Crisis-Ridden Brazil Lures Iran and India on Oil Deal - Bloomberg



Talks between Brazil, Iran and India could result in the construction of an oil refinery and petrochemical plant in one of the South American nation’s poorest states, according to politicians, a diplomat and other people close to the talks.
The state of Maranhao, on Brazil’s northern Atlantic coast, is offering a 5,000-acre site for the project, according to a senior official in the state’s government, who requested not to be named because he doesn’t want to jeopardize the talks. The area already has a deep water port for tankers and its location would provide relatively easy access to the Pacific and Asia via the Panama Canal.

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