Petropars Signs First Int’l Contract to Revamp Venezuela’s Oil Export Terminal

Petropars Group, a subsidiary of the National Iranian Oil Company, has signed a contract with the Venezuelan state oil company PDVSA to upgrade the country’s largest crude oil exporting terminal, the head of the group said.
“This is the first international EPC [engineering, procurement and construction] contract signed by an Iranian company and is expected to expand the company's chain of activities in global markets,” Mohammad Sadeq Azimifar was also quoted as saying by the Oil Ministry’s news portal.