Today: 15 July 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

UN Chief: Gaza Situation ‘Horrific’

Guterres said the violence undermines the most basic conditions of human dignity for the population of Gaza…reports Asian Lite News UN Secretary-General António Guterres condemned the situation in Gaza as “horrific,” calling

India, Saudi Expand Sectoral Ties

Both sides underscored their commitment to broadening the scope of bilateral relations…reports Asian Lite News Union Health and Chemicals & Fertilisers Minister J.P. Nadda’s visit to Dammam and Riyadh underscored the deepening

UN Raps More Killings at Gaza

The OHCHR had documented 798 killings in aid distribution areas in Gaza. Most of the casualties resulted from gunshot injuries Nearly 800 people have been killed while trying to access humanitarian aid

UAE Welcomes New Envoys

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan  receives credentials of new ambassadors, witnesses oath-taking of UAE Ambassador to Brazil UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan

New page In History

President Erdogan says PKK disarmament opens “new page in history” for Türkiye Turkish President Recep Tayyip Erdogan declared “a new page” in history for Türkiye, as the Kurdistan Workers’ Party (PKK) begins
Go toTop

Don't Miss

Egypt, UK ministers talk climate change agenda ahead of COP27

Egypt and the UK have committed to tackling climate change

Israel announce 27,167 new Covid cases

The Israeli health ministry announced 27,167 new Covid-19 cases on