Young Journalists Club | Latest news of Iran and world

News ID: 4115
Iran » Iran
Publish Date: 13:21 - 07 May 2014
Tehran, YJC. Iran’s Petropars and Venezuela’s national oil company have stopped cooperation.

CEO of Iran’s Petropars oil company has said that after closing its office in Bolivia’s Santa Cruz de la Sierra, Iran has stopped cooperation with PDVSA, Venezuela’s state-owned oil company, decreasing yet the country’s cooperation with South America’s oil industry.

Mohammad Javad Shams in interview with Mehr News Agency provided comments on prolonged negotiations which had preceded Iran and Venezuela’s oil contract and said "The talks did not eventually end in cooperation between the two sides to expand the country’s oil fields.”

He maintained that the Iranian side was willing to start the job, adding "Despite many sessions of discussion the two sides had, whenever an action was about to be taken the Venezuelan side would bring up new demands.”

He further said that Petropars has completely halted its cooperation with Venezuela.

Asserting that the company has shut down its office in Venezuela he said that Petropars has focused its entire efforts onto the accomplishment of the South Pars’ 12th and 19th phases in the Persian Gulf.

Seven years ago Venezuela’s oil minister had announced in the sidelines of the 141 session of the OPEC that Iran’s Petropars had signed agreement on oil extraction for his country and that the certificate for the operation was being issued.

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