Tehran (ISNA) – Iran and Venezuela have signed new oil cooperation documents and memorandums of understanding in the fields of development of oil and gas fields, reconstruction of refineries and petrochemical complexes, and oil trade.
Iran’s Oil Minister Javad Owji, who has traveled to Caracas to enhance bilateral cooperation with Venezuela in the downstream and upstream sectors of oil industry, met with Venezuela's Vice President Delcy Rodríguez and Oil Minister Pedro Rafael Tellechea, during which they signed these documents and MoUs.
The development of oil and gas fields and the reconstruction and renovation of Venezuelan oil refineries with the aim of maximizing the capacity of these complexes are among the issues mentioned in the memorandums signed between Iran and Venezuela.
