Azerbaijan, Baku, Mar.10/ Trend G.Mehdi/
Iran has come to terms with Algeria, Angola, and South Africa to build small refineries in the African countries, the Fars News Agency reported.
Iran has also held talks with Pakistan to establish such refineries there.
The chairman of the union of Iranian exporters of oil derivatives, Hassan Khosrojerdi, has said that in the current situation which Iranian crude oil exports have declined, building refineries in other countries can compensate for the fall in exports.
In September 2012, Iranian Oil Minister Rostam Qasemi said the country is considering the construction of small refineries in some African countries.
The Fars news agency quoted Qasemi as saying that on the sidelines of the Non-Aligned Movement summit in Tehran, he had negotiated with oil buyers, mainly India, African and Central Asian states, on oil export conditions in the future.
He said that exports of domestically-made oil equipment as well as exports of technical and engineering services were also discussed with oil buyers.
On November 30, 2012, Qasemi said that the country has overcome the tough economic sanctions and the oil industry is heading toward development.
Many development projects are underway and is projected that $150 billion will be invested in the oil sector, he added.
By March 2015, natural gas production will reach 1.4 billion cubic meters from 600 million cubic meters, Qasemi said.
In July 2012, Qasemi said that although the West has imposed sanctions on Iran's oil sector with the goal of toppling the Islamic establishment, the country's oil exports will never be halted because oil consuming countries need Iranian crude.
Qasemi said in April 2012 that at least $30 billion will be invested in the domestic oil industry this year.
He added that a major portion of the sum will be allocated to the South Pars gas field projects.
The South Pars gas field is shared by Iran and Qatar. The Iranian share, which is divided into 29 phases, has about 14 trillion cubic meters of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.
