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Syria, Iran, Venezuela to sign agreement on constructing oil refinery
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09:10, October 29, 2007

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Syria, Iran and Venezuela would sign next Tuesday a partnership agreement on constructing a crude oil refinery with a capacity of 140,000 barrels per day near the midland city of Homs, the official SANA news agency reported on Sunday.

The signing of the agreement would be followed by establishing a joint company for carrying out studies and implementing the project, said the report.

In addition to the three countries, the Malaysian al-Bukhari Group will participate in the construction of the refinery, it added.

Iran's Assistant Minister of Petroleum, Venezuela's Assistant Minister of Energy and Chairman of al-Bukhari Group are set to arrive in Damascus on Monday to sign the agreement and visit the location of the refinery at al-Farkalas region east of Homs, about 160 km north of the capital Damascus.

Source: Xinhua



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