Iran, Venezuela, Syria deal envisages construction of oil refinery in Homs: Official

A senior official with the Iranian Ministry of Petroleum has said a tripartite agreement, signed among the Islamic Republic, Venezuela, and Syria, envisages the building of a new oil refinery in the Arab country’s Homs Province.

Deputy Oil Minister Jalil Salari provided the information in an interview with Iran’s Fars News Agency on Monday.

The deal foresees the construction of “a new 140,000-barrel refinery,” whose required oil would be provided jointly by the Islamic Republic and Venezuela, he said.

“The [relevant] fundamental studies and designing process [for implementation of the project] has been completed,” the official noted.

The refinery would complement two already functioning ones, the Banias Refinery and the Homs Refinery, which are both located in western Syria.

According to Salari, “the financing and construction [phases of the project] are on the agenda.”

Iran and Syria have also signed a memorandum of understanding towards repairing the 110,000-barrel oil refinery that is located in Homs, the Iranian official reported.

Analysts say cooperation among the threesome states exemplifies their indifference towards the United States-led campaign of sanctions that has similarly targeted them over their rejection of Washington’s efforts at regional and global dominance.

The cooperation also comes amid the ongoing illegal presence of US forces in Syria, who are engaged in stealing the Arab country’s direly needed oil resources.