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IRAN TO BUILD OIL REFINERY IN VENEZUELA.
MADRID, June 1 Asia Pulse - Iran and Venezuela will build an oil refinery at the 'Faga' region in the oil-reach Orinoko province in Venezuela, local new sources said Wednesday.
The refinery will be designed to refine heavy oil and produce gasoline and other oil derivatives.
Head of Venezuela's Petroleos company said the agreement would be beneficial to both countries.
He added the heavy oil in the region could easily be refined at which time Iran will import gasoline from Venezuela.
Oil Minister Kazem Vaziri Hamaneh left here for Caracas, Venezuela, Monday morning to attend the 140th extraordinary meeting of the ...
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Source: HighBeam Research, IRAN TO BUILD OIL REFINERY IN VENEZUELA.