Venezuela sees Iran, Syria riding to the rescue

Facing potentially debilitating oil sanctions from the Trump administration, the Caracas government is searching desperately for new ways to get its most valuable commodity — oil — to awaiting buyers. Enter Iran and Syria. The Venezuelan government is working with Iran and Syria to start construction this year on a new refinery in Syria that will process up to 140,000 barrels of oil per day, according to an announcement by Iran’s Research Institute of the Petroleum Industry. More…