PDVSA, Iran's Petropars Sign JV Agreement

Venezuela's state oil firm PDVSA and Iran's national oil company Petropars have signed a joint venture agreement, Venezuela's President Hugo Chavez said during a state visit to Tehran.

The JV covers Iran's E&P operations in Venezuela.

Petropars already is present in Venezuela through two business deals struck during the Chavez administration.

The Iranian company is one of seven foreign oil companies conducting reserve assessment work in the Orinoco crude oil belt. Petropars is due to perform E&P with PDVSA at the Cardon II offshore block, which holds 3 trillion cubic feet of natural gas.

Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
United States Houston: Account Rep, Bus Dev
Expertise: Business Development|Marketing|Sales
Location: Houston, TX
 
General Manager US
Expertise: Business Development|Executive|Technical Manager
Location: Houston, TX
 
Division Order Analyst - DJ Land Administration
Expertise: Business Analyst|Commercial Management|Landman
Location: Denver, CO
 
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours