Iran has started refining its crude oil in Venezuela, Iranian media have reportedciting Oil Minister Javad Owji.

Iranian crude is being processed at the El Palito refinery at a rate of 100,000 bpd, the minister said, as quoted by state news agency Shana.

Another Iranian news agency, More, quoted The minister said the El Palito refinery was the first “Iranian-built” overseas, adding that Tehran will pursue other refinery projects in other countries, except…

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