Free Trial

Iran/Venezuelan Oil Ministers Discuss Co-operation

OIL

Venezuela’s Foreign Minister Yvan Gil says he has discussed with Iranian Oil Minister Javad Owji ways to bolster the “energy alliance” between the two countries after their meet on Friday.

  • The officials discussed the provision of technical engineering services, follow-up of the issue of extraterritorial refineries, repair of refineries, market creation for the private sector of Iran’s oil industry, especially in the field of petrochemicals, and investment in Venezuela’s oil industry according to IRNA reports.
  • Venezuela may become more reliant on Iran for diluent for its heavy grades from April if US energy sanctions are reimposed.
96 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Venezuela’s Foreign Minister Yvan Gil says he has discussed with Iranian Oil Minister Javad Owji ways to bolster the “energy alliance” between the two countries after their meet on Friday.

  • The officials discussed the provision of technical engineering services, follow-up of the issue of extraterritorial refineries, repair of refineries, market creation for the private sector of Iran’s oil industry, especially in the field of petrochemicals, and investment in Venezuela’s oil industry according to IRNA reports.
  • Venezuela may become more reliant on Iran for diluent for its heavy grades from April if US energy sanctions are reimposed.