Iran General NewsIran to build oil facility in Venezuela, Tehran Times...

Iran to build oil facility in Venezuela, Tehran Times says

-

Bloomberg: Iran and Venezuela signed an agreement valued at $130 million to build an oil-platform facility in the South American country, Tehran Times reported, citing an Iranian Offshore Engineering and Construction Co. official. Bloomberg

By Ladane Nasseri

Iran and Venezuela signed an agreement valued at $130 million to build an oil-platform facility in the South American country, Tehran Times reported, citing an Iranian Offshore Engineering and Construction Co. official.

Transferring equipment from Iran to Venezuela is one of the project’s main challenges, said Amir Saeed Najafi Haghi, the managing director’s deputy for projects affairs. He gave no further details about the plan, according to the newspaper.

Latest news

The United States and Arab Allies Sanction Five Entities and 16 Hezbollah Officials

The United States and the member states of the Terrorist Financing Targeting Center (TFTC) have imposed a new round...

Drug Crisis: Chemotherapy Costs in Iran Have Increased Tenfold

A new wave of drug price increases in Iran has catastrophically raised the cost of medical treatment. In one...

Iran’s Negative Economic Growth: From Statistical Manipulation to the Collapse of Investment

When the gap between official figures and reality becomes too wide, the economic crisis is no longer confined to...

Iraq Sets September 30 as Deadline for Disarmament of Iranian Regime-Backed Militia Groups

Iraqi government spokesperson Haider al-Aboudi announced on Monday, June 29, that the government has given Shiite armed groups backed...

Escalating Iran-US Conflict Cuts Strait of Hormuz Traffic, Lifts Oil Prices

Oil Prices Rise and Ship Traffic Through the Strait of Hormuz Declines Following Tensions Between Iran and the United...

The ‘No To Executions Tuesdays’ campaign has entered its 127th week

The campaign “No to Executions Tuesdays,” a prisoner-led protest against executions held across multiple prisons in Iran, entered its...

Must read

Iran Gives Pledge on Uranium, but Europeans Are Cautious

New York Times: The governments of France, Germany and...

US Industrial Group, General Electric, Joins Corporate Exodus From Iran

Iran Focus London, 3 Jun - On May 8th, US President...

You might also likeRELATED
Recommended to you