Producers of oil A 20-year cooperation agreement has been signed between Iran and Venezuela.
Foreign ministers Hossein Amirabdollahian and Carlos Faria of Venezuela inked the plan, which includes cooperation in the domains of energy, petrochemicals, defence, agriculture, tourism, and culture.
Iran and Venezuela signed a 20-year cooperation agreement on Saturday in Tehran, as the two countries, which are among the world's top oil producers, battle US sanctions that are damaging their exports.
Iranian President Ebrahim Raisi and his Venezuelan counterpart Nicolas Maduro presided over the signing event, which was broadcast live on Iranian state television and took place in the Saadabad Palace in north Tehran.
Foreign ministers Hossein Amirabdollahian and Carlos Faria of Venezuela inked the plan, which includes cooperation in the domains of energy, petrochemicals, defence, agriculture, tourism, and culture.
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.”
“Sanctions and threats against the Iranian nation over the past 40 plus years have been numerous, but the Iranian nation has turned these sanctions into an opportunity for the country’s progress,” he said.
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