Syria, Iran, Venezuela Agree on Refinery.
Posted by QB on November 2, 2006
DAMASCUS, Syria — Syria, Iran and Venezuela have signed a preliminary agreement to establish a petroleum refinery in Syria capable of processing 140,000 barrels a day, Syria’s official news agency reported Wednesday.
The memo was signed Tuesday by Syria’s deputy oil minister Hassan Zeinab, his Iranian counterpart, Mohammad Nematzadeh, and Roberto Delgado, general-director of oil refineries in Venezuela, SANA said.
It quoted Syrian Oil Minister Sufian Allaw as saying that the parties agreed to form a joint committee of technicians from the three countries to implement their memorandum of understanding.
Allaw said the refinery would help “boost the national economy in Syria and ensure the necessary oil derivations for local consumption.” He did not elaborate.
Syria’s oil production has declined over the past decade. In 1996, it peaked at 590,000 bpd, dropping to some 365,000 bpd of crude in 2005, according to the U.S. Energy Information Administration.
Venezuela’s relations with Iran and Syria have strengthened under President Hugo Chavez, who views the Middle Eastern nations as important allies in his efforts to build what he calls “a multi-polar world” no longer dominated by the United States.
Chavez visited Syria last August and delegates from the two countries signed 13 political and economic agreements.
Hugo Chavez is one most popular world leader today because of his vision for peaceful prosperous world with helping the poor nations and people of the world.
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