The world's largest aluminium producer, UC RUSAL , is interested in expanding in Iran but denied a newspaper report it was in talks to build a 375,000 tonnes per year aluminium smelter there.
"RUSAL is interested in business development and diversification of its aluminium production geography, aiming to be close to the fastest developing markets," it said in a statement emailed to Reuters.
"The company is constantly examining various opportunities and Iran is one of numerous options for examination. There are no exact plans and the company does not hold any project discussions in this country."
The Kommersant newspaper reported RUSAL was looking at a partnership to build a $1 billion smelter, to consist of two potlines of equal size, and a 650 megawatt power station.
Russia, whose biggest gas firm once withdrew from Iran's energy sector due to tightening international sanctions, built the Islamic state's Bushehr nuclear power plant, which joined the grid earlier this month.
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