Iran to take part in Zimbabwe refinery project

Business Materials 11 March 2010 10:37 (UTC +04:00)

Iranian Oil Minister Masoud Mirkzemi discussed energy ties with Zimbabwean Minister of State for Presidential Affairs Didmus Mutasa here on Tuesday.

"Iran is ready to cooperate in the renovation of Feruka Refinery in Zimbabwe and supply it with feedstock, the Mehr News Agency reported.

Based on a memorandum of understanding which was signed in 2006, Iran agreed to take part in the Feruka refinery's renovation project.

The Zimbabwean official, accompanied by a delegation, also expressed his country's interest to implement joint refining projects with Iran in other African nations. Mirkazemi declared Iran's readiness to export engineering services to Zimbabwe.

"Iran is one of the greatest oil exporters of the world and can play an important role in meeting Zimbabwe's oil demand," Didmus Mutasa said.