Venezuela, Iran create oil joint venture
Afp, Caracas
Venezuela's state oil giant PDVSA has formed a joint venture with Iranian-owned Sadra America Latina to support offshore oil exploration and development, PDVSA said Friday. The new company, Venezirian, will offer engineering, construction and repair services for offshore platforms, PDVSA said in a statement. At first it will involve building offshore structures in Iran and assembling them in Venezuela, but eventually it will involve building them in Venezuela.
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