Oil producers Iran and Venezuela sign 20-year cooperation plan | World News,The Indian Express
The plan includes cooperation in the fields of oil, petrochemicals, defence, agriculture, tourism, and culture and was signed by foreign ministers Hossein Amirabdollahian and Venezuela's Carlos Faria.
Iran and Venezuela signed a 20-year cooperation plan in Tehran on Saturday as the two countries, among the world’s top oil producers, grapple with U.S. sanctions that are crippling their exports.
The signing ceremony, carried by Iranian state TV, was overseen by Iranian President Ebrahim Raisi and his Venezuelan counterpart Nicolas Maduro and took place at the Saadabad Palace in north Tehran.
The plan includes cooperation in the fields of oil, petrochemicals, defence, agriculture, tourism, and culture and was signed by foreign ministers Hossein Amirabdollahian and Venezuela’s Carlos Faria.
It also includes repair of Venezuelan refineries and the export of technical and engineering services.
“Venezuela has shown exemplary resistance against sanctions and threats from enemies and Imperialists,” Iran’s Raisi said. “The 20-year cooperation document is testimony to the will of the two countries to develop ties.”
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