TEHRAN, Aug 08 (ISNA)-Iran will build a Liquid Natural Gas (LNG) plant with 10 million tones capacity annually in Venezuela in October if the two countries finalize talks.
Iran's LNG company managing director Ali Kheirandish declared Iran's presented method to Venezuela on the project is 20 billion dollars more profitable than the one offered by the American rival company.
He also said using Iran's technique; Venezuela will receive produced LNG two years earlier instead of applying that of the American company.
The managing director also went on to say that even if Venezuela accepts to cooperate with the rival company, Iranians will comprise 7 percent of top experts.
He also said the factory will be run by 2012 adding the project is expected to cost 12 to 16 billion dollars.
... Payvand News - 8/10/08 ... --