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News > Zanganeh: Iran ready to export crude oil to South Africa

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Zanganeh: Iran ready to export crude oil to South Africa

Zanganeh made the remarks in a meeting with South Africa's Vice-President Cyril Ramaphosa.
Zanganeh said the precondition for establishment of a refinery in South Africa with the least percentage of share holding is the country's purchase of crude oil from Iran.
Zanganeh said Iran is keen on resuming oil exports to South Africa.
The Iranian minister said South Africa also wants to receive oil derivatives from Iran.
Pointing to chronology of South Africa's partnership with Iran, he said Sasol had previously contributed to Iranian petrochemical industry.
Talks are underway on detail of cooperation between the companies of the two countries, he said.
Zanganeh said that South Africa enjoys technology in GTL and Iran is willing to develop cooperation in the field.
Ramaphosa arrived in Tehran at the head of a delegation on Saturday. After holding a series of talks with senior Iranian officials, notably Vice-President Eshaq Jahangiri, the South African and Iranian officials signed three documents and a memorandum of understanding for cooperation to set up national information center and fight money laundering, setting up capital markets and establishing technical and economic cooperation.
Prior to the 2012 sanctions, South Africa was one of the traditional customers of Iranian crude oil so much so that a month before stopping oil imports from Iran, it used to purchase 68,000 bpd crude oil from Iran.

18:09 - 9/11/2015    /    Number : 365859    /    Show Count : 846


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