Iran, Venezuela eyeing on deepening energy ties

Iranian Minister of Petroleum Javad Owji had a telephone call with Tareck El Aissami, Vice President and Minister of Oil of Venezuela, regarding the expansion of cooperation between the two countries in the field of energy and the latest developments in the global oil market.

During the visit of the Iranian petroleum minister and his delegation to Venezuela in May, several agreements and memorandums of understanding were signed in the field of development and production in oil and gas fields, upgrade and renovation of refineries and utilization of refinery capacities, training manpower and expertise in oil, gas and petrochemical industries, issuance of engineering technical services and technology transfer and development of export markets for crude oil, gas condensate and petroleum products.
In October, Petroleum Minister Javad Owji announced the launch of the first offshore refinery called El Palito in Venezuela and the daily refining of 100,000 barrels of crude oil from the country's fields in this refinery.

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