Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
Iran - Venezuela's VENIROGC to Build Syrian Refinery
description
The jointly controlled Iranian-Venezuelan company VENIROGC has announced that it will build a refinery in Syria as its first international project. The refinery would have an initial capacity of 140,000 bpd. The project is estimated to cost $1.5 billion. Iran will supply 20% of crude, Venezuela, 30%, Syria the rest. In addition to this Syrian project, the company plans to conduct feasibility studies on the launching of oil storage facilities in China and Africa.
Status
- Current Status:
- Discussion Date: Wed, 2009-09-23
- Contract Date:
- Completion Date:
Citation
1. "Iran, Venezuela to launch refinery in Syria", Zawya, September 23, 2009. Available at http://www.zawya.com/Story.cfm/sidZAWYA20090923035007/Iran,%20Venezuela%....
2. "Iran, Venezuela to launch $1.5b oil refinery in Syria", Regional Press Network, 24 September 2009, Available at http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article....
3. "Iran, Venezuela Establish Joint Oil Company", Payvand News, April 28, 2010, available at http://www.payvand.com/news/10/apr/1276.html
4. "Iran, Venezuela To Launch Refinery in Syria", Speronews, May 7, 2010, available at http://www.speroforum.com/a/32393/Iran-Venezuela-To-Launch-Refinery-In-S...
