Iran, Venezuela on track to broaden petroleum cooperation
Representatives from the Venezuelan state-owned oil and natural gas company (PDVSA) traveled to Iran to start the implementation of the agreement on increasing storage and exports of Venezuela’s Jose oil terminal.
A contract has been signed during the visit of Iranian President, Ebrahim Raeisi’s Venezuelan capital Caracas worth $46.6 million, according to IRNA. The Venezuelan delegation comprising nine directors and experts of the state-owned oil company arrived in Tehran on Wednesday evening.
The delegation visited the 10th Refinery of South Pars Gas Complex (Phase 19), Ariasasol Polymer Company, the construction plan of Hengam Petrochemical Complex and Development of Phase 11 of South Pars Gas Field to get familiar with Iranian oil companies’ capabilities in developing Petro-projects. The visit coincided with the Kick-Off Meeting plan to increase the storage and export capacity of the Jose oil terminal in Venezuela with the Iranian senior managers of Petropars Group as the contractor for the implementation of the contract and the finalization of its initial processes.