Iran will build four oil tankers and invest in a number of oil-refining projects in Venezuela, the Fars News Agency reported on Monday.
Building the tankers will cost around $200 million, according to the report. In July, IRNA reported that Iran has completed construction of the first of four oil tankers.
The Aframax-category tanker, capable of carrying 113,000 tons of oil, the equivalent of 75,000 barrels, was built over the past two years by the Iranian shipbuilding company SADRA.
Iran invests in Venezuelan oil sector
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