Iran to help develop Venezuela’s petchem industry

An important document was signed in 2023 between Tehran and Caracas, according to which Iranian experts will help development of Venezuela’s petchem industry, said a member of board of directors of Petróleos de Venezuela (PDVSA).
Speaking on the sidelines of the 15th Iran Petrochemical Forum on Sunday, Eduardo Fernandez added that as many as 15 Venezuelans have come to Shiraz in southern Iran to be trained in project management, reported Tasnim News Agency.
“Venezuela has faced the intensification of sanctions since 2015, and we found it possible to rebuild the economy by cooperating with our partners, as one of the most important trading partners of Venezuela is Iran, and in the field of restoring petrochemicals, solving problems and developing it, a very good cooperation with Iran has begun,” he noted.
It is necessary to introduce Venezuela’s petrochemical capacities to Iranians, Fernandez said, adding that we have a motto that “teamwork is a guarantee of victory”, so we have started the teamwork with the powerful country of Iran.
Meanwhile, Iranian Ambassador to China has urged Iran’s petrochemical industry to use the opportunity of Chinese investment in other countries.
Mohsen Bakhtiar said on Sunday that China seeks to facilitate the investment of Chinese companies in other countries, which is a good opportunity for Iran’s petrochemical industry to use the capacity.
China is a strategic partner of the Islamic Republic of Iran and bilateral relations with the country will continue, the envoy noted.
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