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.
