Brazilian Minister of Energy and Mines Fernando Coelho Filho says his country wants to benefit from Irans experience in oil exploration and refining projects.

Speaking after a meeting with Minister of Petroleum Bijan Zangeneh on Saturday, Filho hailed Iranian companies exceptional expertise in oil refining and exploration.

He said, "We are eager to cooperate with Iran not only in oil and gas but also in many other fields."

He added that Brazilian companies have high motivations for investment in Iranian oil industry and other economic domains. "Iranian companies can look for new opportunities in Brazil, especially for exploration and refining."