OPEC members, Iran and Ecuador have reportedly inked a Memorandum of Understanding (MoU) which incorporates a plan to construct a refinery and a petrochemical unit in Ecuador, in collaboration with Venezuela. The joint cooperation petrochemical deal between Iran, Ecuador and Venezuela was apparently signed when the delegation from Ecuador had made a three day trip to Tehran for discussing several issues relating to energy cooperation the when invited by Iranian Oil Ministry.
18-Sep-08 
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