In a telephone dialog, Iranian Oil Minister Javad Owji and his Venezuelan reverse quantity, Tareck El Aissami, mentioned bilateral vitality ties and the newest developments within the world vitality market.
Iran and Venezuela have bolstered their financial and vitality ties lately as a part of a marketing campaign towards the American sanctions designed to weaken their economies.
Owji traveled to Venezuela in Might on an official go to, throughout which the 2 states signed agreements on cooperation in quite a lot of areas resembling improvement of oil and gasoline fields, renovation of refineries and utilization of refinery capacities, coaching of manpower, and joint efforts in gasoline and petrochemical industries, amongst different issues.
A number of months later in October, Iran began a crude oil refining course of at a fee of 100,000 barrels per day (bpd) on the El Palito refinery in Venezuela.
Venezuela has been buying and selling a number of commodities resembling heavy oil for Iranian condensate, gasoline, refinery elements and technical help.
