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Oil & Gas

Iran, Venezuela partner to build petrochemical complex

August 23, 2011
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ASSALUYEH, Iran ­— Iran and Venezuela have started construction on a petrochemical complex in the southern Iranian province of Bushehr, according to Bloomberg.

The countries are building a methanol unit in the southern port town of Assaluyeh.

Agreements for a similar project in the South American country have yet to be completed, said National Iranian Petrochemical Organization Managing Director Abdolhossein Bayat.
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