Iran Venezuela joint shipbuilding operation

Venezuela and Iran have agreed to explore setting up a joint shipbuilding operation, according to the State-owned company, Petróleos de Venezuela (PDVSA). The preliminary agreement looks towards jointly building oil tankers, liquid natural gas tankers and other vessels. It would also train Venezuelans in shipbuilding technology.

The deal was signed in Caracas between PDVSA and Sadra Iran Marine Industrial Company.