Venezuela and Iran set up a working table to finalize oil alliances

Venezuela and Iran set up a working table to finalize oil alliances

The Venezuelan Oil Minister, Tareck El Aissami, announced on Thursday the installation of a working table between the Caribbean country and Iran to establish “productive alliances” in the oil sector.

El Aissami indicated, according to a press release, that a scientific team from the state-owned Petróleos de Venezuela (PDVSA), the Venezuelan Institute of Technology for Petroleum (Intevep), PDVSA Gas and the petrochemical company Pequiven will participate on the Venezuelan side.

Likewise, he said that this initiative arises from the “productive vocation” that “characterizes both countries”, based on their energy capacities.

“Iran has made significant progress on the issue of catalysts, a vital area for the development of the hydrocarbon value chain,” he added.

El Aissami pointed out that Iran and Venezuela have “great potential” in the improvement of rotating equipment, equipment for drilling fields and the development of the gas chain.

Until next Monday, Venezuela and Iran are holding a joint science and technology fair in Caracas, in which more than 400 businessmen from both nations participate.

President Nicolás Maduro reported today that Venezuelan adolescents aged 14, 15 and 16 will receive scientific and technological training as part of an agreement between Venezuela and the Persian country.

He announced that the first delegation is made up of 16 young people and will travel to Iran on October 1, where they will remain until the 10th of the same month.

Iran has become one of the main allies of the Maduro government in recent years, particularly since 2020, when there was a gasoline shortage in Venezuela and it turned to Tehran to buy fuel.

Samuel Edwards
Samuel Edwards is the name you must have heard many times while reading reports related to Finance, that's what he is good at. From Major Investments to Stock Market Updates, he got 'em all. Be ready to blow your mind by the mind-blowing reports of Finance World from Samuel Edwards.