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Iran Continues Talks to Revive Venezuela Petchem Industry

Iran Continues Talks to Revive Venezuela Petchem Industry
(Tuesday, September 19, 2023) 11:25

TEHRAN (NIPNA) -- Representatives of Venezuela's petrochemical company continued their talks to revive the 12 million ton capacity of this country's petrochemical industry on the sidelines of the Iran Plast International Exhibition.

Representatives of Venezuela's petrochemical company met with managers of National Petrochemical Company today on the sidelines of the Iran Plast exhibition and continued another part of their talks to revive the petrochemical industry of this country.

Javad Owji, Minister of Petroleum, had said in June during his trip to Venezuela: “So far, more than 2.8 million pieces and Iranian goods related to oil refineries have been exported to Venezuela and a significant part of the idle refining capacity of this country's refineries has been revived, also after the refinery sector, we went to the petrochemical complexes of this country that had stopped working due to sanctions. This country has more than 12 million tons of production capacity for petrochemical products such as ammonia, urea and polyethylene.”

He said: “We hope that by relying on the capabilities of Iranian companies in the field of technical and engineering services, catalysts and technical knowledge, we can activate the potential capacities of this country's petrochemical complexes like its oil refineries in a participatory manner and offer the products of these complexes in international markets.”

The 17th Iran Plast International Exhibition, with the approach of developing the value chain, supporting domestic production and boosting domestic manufacturing, will be held from September 17 to 20 at Tehran Permanent International Fairground.

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