Iran to Sign $2 Billion Venezuela Oil Deal, Tehran Times Says
National Iranian Oil Co. and Petroleos de Venezuela SA plan to sign a $2 billion contract to develop the Dobokubi oil field in the Latin American nation, Tehran Times reported without citing anyone.
The Dobokubi oil field’s production capacity will increase to 40,000 barrels a day in the first phase of the development from 14,000 barrels, the Times said.
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