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Iran, Venezuela tie up to build refinery in Syria
- Syria: Wednesday, September 23 - 2009 at 10:09
Iran's Oil Ministry has said that an Iran-Venezuela joint oil firm, VENIROGC, plans to build a refinery in Syria as its first international venture, Reuters has reported. Iran would hold a 26% stake in the project while its Latin American ally would take 33%. 'The balance will be shared by Malaysia and Syria on a 15% and 26% basis,' Mohammad-Ali Talebi, a senior official at Petropars Oil and Gas Company said.
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StaffWednesday, September 23 - 2009 at 10:09 UAE local time (GMT+4)
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