• Categories
  • Archives

Iran Wants to Use Brazilian Ethanol to Circumvent US Trade Blockade

Miguel Jorge with Iran's Mehrabian The Iranian government is interested in using Brazilian ethanol in its vehicles. This information was given by the Brazil’s minister of Development, Industry and Foreign Trade, Miguel Jorge, who led a trade delegation to the Middle East and is in Tehran.

The interest in Brazilian fuel was shown at a meeting between Miguel Jorge and the Iranian minister of Industry and Mines, Ali Akbar Mehrabian. Both opened, on Tuesday (13), at the Parnasian Esteghlal International Hotel, the business meetings between Brazilian and Iranian executives. A group of 86 men and women from Brazil participate in the delegation.

According to information disclosed by Miguel Jorge, Iran is interested in Brazilian ethanol due to the problems it is facing with gasoline supply. The country in the Middle East produces oil, but it does not have refineries and is having difficulties importing gasoline due to the trade blockade it faces.

Ethanol, according to the Brazilian minister, would be an alternative. Miguel Jorge believes that it would have to be bought in Brazil – and not produced in Iran – as the land in the country is not very appropriate for agriculture.

According to the Brazilian minister, it is possible for the Iranians to invest in funds connected to Brazilian ethanol mills. Attracting Iranian investment in this area, in ethanol and agriculture, in fact, was one of Miguel Jorge’s objectives in the mission.

At the opening of the meetings, on Tuesday morning, the minster spoke to those present about the Brazilian experience with flexible fuel technology, in which a vehicle may run on ethanol, gasoline or any combination of the two.

The delegation’s visit prompted a series of discussions about cooperation. According to Mehrabian, during the visit that Brazilian president Luiz Inácio Lula da Silva has scheduled to Tehran, in May, an agreement in the mining area should be signed. According to Miguel Jorge, cooperation may help business in the sector.

In the Iranian capital, representatives of Vale, a Brazilian mining company, met with mining sector representatives to discuss possible business and partnerships. The Iranian minister also showed interest in the Brazilian experience with production of electricity.

During the meeting this morning, minister Miguel Jorge pointed out the advances in relations between Brazil and Iran, which took place mainly after president Lula was inaugurated in office, in 2003. Brazilian exports to the country rose from US$ 491 million in 2002 to US$ 1.2 billion last year.

Mehrabian said that both countries are going to make an effort to simplify trade, including product transport and financing. The ministers called on Brazilian businessmen present to help boost trade.

Anba

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil’s Minimum Wage: Government and Unions Adopt Hard Line on Negotiations

Brazil’s labor Union Força Sindical says it will insist on a minimum wage of ...

Brazil Spreads Wings With New Arab Embassy

Brazil’s Minister of Foreign Relations, Celso Amorim, announced February 22, during his visit to ...

Brazil to Replay Its Agricultural Prowess This Year

Brazil’s 2005 agricultural harvest should attain 119.48 million tons, practically the same as in ...

Oscar Ahoy

Is Central do Brasil a long shot for the main Oscar? Michael Barker, Sony ...

Brazil’s Lula Tells US and EU to Keep Their Evil Eye Off the Amazon

In a speech to thousands of Indians in the state of Amazonas, in northern ...

In Brazil Stocks Soar and Minimum Wage Gets 17% Push

Latin American stocks were mostly higher, with Brazilian stocks posting robust gains, as investors ...

Ecology Expert Pans Brazil for Building More Hydroelectrics

Washington Novaes, a Brazilian journalist who writes on environmental issues and has been a ...

Past Bird Flu Scare Brazilian Firm Back to Killing One Million Chickens a Day

The world president of the Doux Group, Charles Doux, and the director for institutional ...

Victims of Kidney Trafficking Ring Acquitted in Brazil

Fifteen Pernambucans (born in the northeastern state of Pernambuco), each accused of selling one ...

Brazil’s Furniture Union Puts 2006 Production on Sale

Unimóveis, the Furniture Worker Union of the Brazilian northern state of Amapá is promoting ...