Minister: Iran to Develop Oil, Gas Fields in Venezuela
DOHA (Dispatches) -- Iran and Venezuela signed petroleum cooperation deals on the sidelines of a GECF summit of gas exporting countries in this Qatari capital, Minister of Petroleum Javad Owji said on Tuesday.
Under the deals, Iran will develop oil and gas fields in Venezuela where the industry has been barred from foreign investment and technology for a number of years because of American sanctions. “Other memoranda of understanding reached with Venezuela covered the renovation and modernization of oil and gas refineries, the transfer of technology and the provision of technical and engineering services,” the minister said.