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NIOEC inks Establishing and Overhaul of El Palito Refinery in Venezuela

Tehran (NIORDC), quoted by (NIOEC), National Iranian Oil Engineering and Construction Company on behalf of National Iranian Oil Refinery and Distribution company(NIORDC), assigned a fundamental repair contract and lunch of PDVSA EL Palito refinery in Venezuela with a sum of 110 million Euros.

 The agreement came after recent negotiations and investigations carried out  with the presence of  Iran’s Oil Minister Javad Owji, Deputy minister and CEO of the National Iranian Oil and Distribution Company and managing director of National Iranian Oil Engineering and Construction Company  in Venezuela.


Farhad Ahmadi said the contract was signed with the aim of overhauling, commissioning and completing the operational capacity of a 140,000-barrel-a-day refinery in Venezuela (currently operating with 50 % percent capacity). The project will be funded by Niko Company (Naftiran Intertrade Company ) which contract is signed between the NICO and the Venezuelan company, he added .

18:10 - 13/05/2022    /    Number : 13760    /    Show Count : 161