Iran and Brazil are in talks about a possible Iranian investment in troubled refinery projects controlled by Brazilian state-led oil company Petroleo Brasileiro SA, a Brazilian government source told Reuters on Thursday.
Iran, which is boosting oil output after the end of sanctions over its nuclear program, is interested in exporting oil to Brazil, processing that crude at refineries in Brazil’s northeastern region and then selling it in the Brazilian market, the source said, adding that talks are at an early stage.
Talks though are far from any result, the source added.
Brazil Energy Insight 
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