Venezuela

[Shahab3]

Iran, Venezuela to sign $2 billion oil deal soon
TEHRAN, May 29 (MNA) - The National Iranian Oil Company (NIOC) and Venezuela’s state-run oil company PDVSA will sign a deal, worth $2 billion, in the near future for developing a bloc of the Dobokubi oilfield in Venezuela.

Iran’s Petropars, on behalf of the NIOC, will finance 26 percent of the project and PDVSA will be responsible for the other 74 percent. The Iranian side will invest $500-520 million in the project.
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