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Venezuela Ready for Petchem Cooperation with Iran: Official

Venezuela Ready for Petchem Cooperation with Iran: Official
(Sunday, June 12, 2022) 23:03

TEHRAN (NIPNA) -- The Director General of International Affairs of the National Petrochemical Company said that Caracas has voiced Venezuela’s readiness to cooperate with Iran in the field of petrochemical industry.

Regarding the strategy of the National Petrochemical Company to expand international relations in the field of petrochemical industry, Hossein Alimorad said: "The National Petrochemical Company is in line with the strategy of the Ministry of Petroleum and special support will be given to the petrochemical industry to develop relations with countries."

Pointing out that the upstream oil industry needs heavy investment, he added: "Foreign companies and countries are very interested in participating in the Iranian petrochemical industry, and despite the sanctions, we are witnessing the arrival of many companies in this field."

The Director General of International Affairs of the National Petrochemical Company emphasized: "I hope that by using the experiences gained in the petrochemical industry, all units will work together and take full advantage of the new position and strategies of the new administration for the benefit of the country."

Alimorad described the growth of knowledge-based companies in the country as an important event and, referring to the favorable capacities in the country, said: "Focusing on this area has also been considered by foreign companies, so that now one of the foreign companies is very willing to negotiate with Senior Director of Petrochemical Research and Technology Company to supply catalysts and chemicals.”

He continued: "Venezuela is a country that needs the petrochemical industry because of sanctions. In the last meeting with the CEOs of petrochemical companies, I suggested that companies pay special attention to this area, such as Venezuela, which is a pristine and untouched area.”

He added: "Venezuela is also ready to cooperate with Iran in the field of petrochemical industry in order to achieve a very good result with a small investment, very low risk, and I suggest that we focus on this field in line with the strategy of the Minister of Petroleum."

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