Today: 10 March 2025
12 June 2022
1 min read

Iran, Venezuela sign 20-yr partnership agreement

Iranian President Ebrahim Raisi and his visiting Venezuelan counterpart Nicolas Maduro signed a 20-year partnership agreement to boost cooperation in energy, economy, tourism, culture, and politics, local media reported…reports Asian Lite News

Speaking at a press conference after the signing of the agreement on Saturday, Raisi said that Iran has always sought to have ties with “independent countries” and that “Venezuela’s resistance against imperialism and enemies was exemplary”.

The Iranian President added that Iran “has decided to leverage” sanctions imposed against it and make them “improvement opportunities for the country”.

Maduro, who arrived in Tehran on Friday with a high-ranking politico-economic delegation, said at the press conference that a weekly flight from Caracas, Venezuela’s capital, to Tehran would begin on July 18, Iranian state news agency IRNA reported.

The Venezuelan President’s first visit to Iran comes amid the impasse of Iran’s nuclear talks with world powers. Sanctions imposed by the United States and rising global food prices are putting additional strain on Iran’s government and people, Xinhua news agency reported.

On Saturday, the Venezuelan leader met with Iranian Supreme Leader Ayatollah Ali Khamenei, during which Maduro said his country is drawing up a “precise roadmap for improving cooperation with Iran in various fields, particularly science and technology”.

“Venezuela has succeeded in fully confronting the US aggression through resistance,” said the Venezuelan President, adding that the economic situation in the South American country has improved greatly over the past few years.

ALSO READ:Iran Flexes Muscles Over Nuclear Talks

Lauding the relationship between the two sides, Khamenei said that by strengthening ties with Venezuela, Iran has shown that “it takes risks in times of danger and offers a helping hand to its friends”.

Iran has provided several fuel cargos to Venezuela and helped it in refinery repairs, despite the pressure from the United States. Venezuela started importing Iranian heavy crude in May, expanding on a swap agreement signed in 2021 to trade Iranian condensate for Venezuelan heavy crude.

Iran is the third country Maduro visited this week after trips to Turkey and Algeria.

Previous Story

Iran Flexes Muscles Over Nuclear Talks

Next Story

MENA Hospital Projects Forum 2022 unveils opportunities

Latest from Arab News

Hezbollah Draws the Line

Hezbollah top official emphasised Hezbollah’s continued role in political and military affairs, asserting that “resistance” will persist as long as Israeli threats remain Hezbollah Secretary General Naim Qassem reiterated the group’s unwavering

Syrian Violence Claims More Lives

The death toll crosses 1000 as troops loyal to the old regime clash with the new government forces The Arab League (AL) has been following with great concern the security situation in

OIC Welcomes Syria Back

Iran has expressed grave concern over escalating violence and insecurity in Syria. Syria’s membership in the Organisation of Islamic Cooperation (OIC) was reinstated, the OIC announced in a statement on Saturday. The

Saudi to host US, Ukraine talks 

Trump hinted at a visit to Saudi Arabia in the coming weeks, suggesting it would involve a significant investment agreement.  Ukrainian President Volodymyr Zelensky has announced that he will travel to Saudi
Go toTop

Don't Miss

Anti-Taliban leader in Iran to talk inclusive govt

Ahmad Massoud, the leader of anti-Taliban resistance front, has reportedly

Civil unrest continues in Iran

The protests started in mid-September after the arrest and death