24/7 Space News  





. Iran To Build Oil Refinery In Venezuela

File photo: An Oil refinery at night.
by John C.K. Daly
UPI International Correspondent
Washington (UPI) Jun 06, 2006
Iran and Venezuela, both at political loggerheads with the Bush administration, are deepening their economic ties. Iran will build an oil refinery in Faga, in Venezuela's oil-rich Orinoco province. IRNA news agency reported on June 1 that the refinery will refine heavy oil into gasoline and other oil derivatives.

Energy Minister and head of Petroleos de Venezuela Rafael Ramirez said the agreement would benefit both countries, adding that after the refinery comes online Iran will import gasoline from Venezuela. Iranian Oil Minister Kazem Vaziri Hamaneh is in Caracas to attend the 140th extraordinary meeting of the Organization of Petroleum Exporting Countries, which opened June 1.

Ramirez said that geopolitical tensions are the primary reason oil prices are currently above $70 a barrel. OPEC has kept its production ceiling at 28 million barrels per day since July 2005. Ramirez stated that Venezuela plans to increase its production to 5.8 million bpd in 2012.

Source: United Press International

Related Links
-



Tempur-Pedic Mattress Comparison

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


hello world
UW-Madison Professor To Coordinate US Fusion Science Effort
Madison WI (SPX) Jun 06, 2006
A University of Wisconsin-Madison professor will be the liaison between United States plasma and fusion science researchers and a group that is building the U.S. share of ITER, an international fusion experiment that eventually could lead to an abundant, economical and environmentally benign energy source.

.
Get Our Free Newsletters Via Email
  



  • Voyager Data May Reveal Trajectory Of Solar System
  • A Voyage To The Edge Of Sol
  • Planetary Society Presents a New World to Congress
  • Hopkins Physics Lab To Build NASA's Radiation Belt Storm Probes

  • Opportunity Digging Out Of Dune One Klick From Victoria
  • NASA Awards Mars Science Lab Launch Contract
  • Opportunity Gets Dug Into Loose Soil Again
  • Spirit Continues Studies of Martian Winter Haven

  • SES Global Contracts Sea Launch For AMC-21 Satellite
  • Volvo Aero Components Powering Large Number Of Ariane 5 Launches
  • Heaviest Ariane 5 Payload Orbits Without A Hitch
  • Air Force Orders More Space Launches From Orbital

  • Free as a Bird Or Under Surveillance
  • Turkey Signs Up For Asia-Pacific Space Program
  • Ancient City Reveals Life In Desert 2,200 Years Ago
  • Commercial Remote Sensing Satellite Market Stabilizing

  • New Horizons Crosses The Asteroid Belt
  • Trio Of Neptunes And Their Belt
  • New Model Could Explain Eccentric Triton Orbit
  • New Horizons Taking Exploration To Edge Of Sol

  • The Case Of The Neutron Star With A Wayward Wake
  • Supercomputers Reproduce Fluid Motions Of Galactic Cosmic Duet
  • Dawn Team Looking Good For Launch Next Year
  • NASA Interstellar Boundary Explorer Mission Moves Ahead

  • The Sky Is Falling
  • SMART-1 Captures Central Peaks Of Zucchius Crater
  • Lunar Highlands And Mare Landscapes
  • Scientist Dreams Of Us Revisiting The Moon

  • Lockheed Martin And EADS To Cooperate On Satellite Navigation Standards
  • QinetiQ Joins Galileo Development
  • Satelinx To Equip Seniors With Location Base Devices
  • LM And EADS Space To Team On NavSat Systems

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement