The reactivation of El Palito refinery, located in the state of Carabobo, will be made with the cooperation and participation of the Islamic Republic of Iran, the Reuters said in a report on Sunday.
“El Palito, the country's smallest refinery, is undergoing major repairs and expansion projects after a 100-million-euro deal signed with the state-owned Iranian National Company of Petroleum Refining and Distribution (NIORDC),” according to the report.
Raisi left Tehran early on Monday for a trip to three countries of Venezuela, Nicaragua, and Cuba.
Prior to his departure, Raisi described relations with "independent Latin American states" as strategic. .
The visit is the thirteenth foreign trip by the Iranian president since he took office in August 2021.
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