President Ebrahim Raisi of Iran and President Nicolas Maduro of Venezuela will attend a press conference in Tehran, Iran, on June 11, 2022.
Venezuela signed a 20-year cooperation plan in Tehran on Saturday. This is because both countries, one of the world’s top oil producers, are working on US sanctions that are blocking exports.
The signing ceremony held by Iran’s National Television was supervised by Iran’s President Ebrahim Raisi and Venezuelan counterpart Nicolas Maduro, and took place at Saadabad Palace in northern Tehran.
The plan includes cooperation in the areas of petroleum, petrochemicals, defense, agriculture, tourism and culture, signed by Foreign Minister Hossein Amirabdrahian and Carlos Faria of Venezuela.
It also includes Venezuelan refinery repairs and exports of technical and engineering services.
“Venezuela has shown exemplary resistance to sanctions and threats from enemies and imperialists. A 20-year cooperation document proves its willingness to develop relations between the two countries,” said Raisi of Iran. I have. “
“There have been many sanctions and threats to the Iranian state over the last 40 years, and the Iranian state has turned these sanctions into opportunities for national progress,” he said.
Maduro said through an interpreter that the weekly flight from Caracas to Tehran will begin on July 18.
Arriving in Tehran on Friday, Maduro is a two-day visit, leading a high-ranking political and economic delegation. Earlier, he visited Turkey and Algeria.
Iran and Venezuela have expanded cooperation since 2020, especially in energy projects and oil swaps.
In May, Iran’s state-owned National Iranian Oil Engineering and Construction Co signed a contract worth approximately € 110 million to repair a small refinery of 146,000 barrels per day in Venezuela.
The agreement was sealed after recent negotiations attended by Iran’s oil minister, Javad Ouji, who was in Venezuela earlier last month. (Report by Dubai Newsroom, edited by Jason Neely)