Iran To Build Several Oil Reservoirs, Refineries In Venezuela

Iran is due to build 4 reservoirs for storing oil products and plans to make $200mln of investment in the projects.

Also, the Iranian officials have decided to invest in refining projects and design and construct a number of small refineries in Venezuela.

Tehran and Caracas have expanded their economic and industrial relations in recent years; in a latest development a senior Iranian official announced that the country plans to deliver the first home-made Aframax oil tanker to Venezuela.

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