Iran plans Spanish oil refinery and considers gas pipeline to Europe

NIORDIC MD Abbas Kazemi

Iran is planning to build a Spanish oil refinery, the Managing Director of its state-run oil company said this week, in what appears to be part of  a long-term strategy to secure an export channel on the Iberian peninsula. Speaking to the IRNA news agency,  NIORDIC MD Abbas Kazemi said that the proposed refinery would have the capacity to refine 200,000 barrels per of crude oil per day, with funding provided equally between Tehran and Spain’s private sector. The refinery would only process Iranian oil, he added. 
NIORDIC has been pursuing a similar strategy elsewhere. In June it announced that it had reached a three-way agreement with Indonesia and China to build a 150,000 bdp capacity refinery on East Java, with Iran supplying the feedstock and China 85% of the investment. It has also agreed to build a refinery in Brazil and is in early talks with India along the same lines. 
In a separate development, a senior executive at the National Iranian Gas Company (NIGC) yesterday said that Iran “had not ruled out” the possibility of building a gas pipeline to Europe. “Iran has gas reserves of 34 tcm, and a production capacity of 200 billion cubic meters a year” Azizollah Ramezani said, adding that Iran needed to increase its share of the global energy market by harnessing modern technology.
His comments are in line with the thinking in Brussels. Last summer, the European Commission estimated that annual gas imports from Iran could reach between 25 and 35 bcm by 2013 as part of the EU bloc to lessen its dependence on Russia.

Source: isna