Venezuela and Iran relations have grown beyond historical oil interests

Posted on October 22, 2011 • Filed under: Business, Culture, Oil, Politics, Social Issues

With the coming to power of Hugo Chavez in relations between Iran and Venezuela have grown beyond the historical oil interests. Since 2005, when Mahmoud Ahmadinejad became president, both countries stand together in defiance of Western conventions.

Since Hugo Chavez took office began a steady rapprochement with Iran. From 1999 to 2007 were signed 86 bilateral agreements. Between the two countries have, historically, oil bonds. The membership of both the Organization of Petroleum Exporting Countries had been the main political link since 1960. For 45 years the relationship was not beyond the technical and diplomatic contacts derived from the oil issue. Although discrete, Iranians are living in several Venezuelan cities as partners in businesses related to the more than 270 agreements have been signed since 2004. Between the two countries there is a “roadmap 2010-2020”, which speaks of ambition of the plans. Read Article

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