Brazil's government-controlled energy giant Petrobras (PBR) has received an invitation from Iraq's government to build an oil refinery in that country, local financial newspaper Valor Economico reported Thursday.
Iraqi Planning Minister Ali Ghalib Baban told the newspaper that his country hopes for Petrobras to build an oil refinery with a daily capacity of 200,000 barrels.
Baban met with Petrobras officials earlier this week to propose the project and said that the company is planning to create a commission to study the issue.
Among the alternatives provided by the Iraqi government is the option for Petrobras to build the refinery alone or through a joint venture, the newspaper reported.