Iran Oil Co. Chief Calls for Buying Stake in Foreign Refineries

Talks are underway to buy shares in refineries of other countries to help the country secure its international oil market share, National Iranian Oil Company's managing director said.
"Buying stakes in foreign refineries, especially in India and China, will not only help guarantee long-term demand for Iranian oil to produce value-added products namely gasoline, but will also underpin our bargaining power for long-term oil export contracts," Ali Kardor was quoted as saying.