Iran And Venezuela Sign 20-Year Co-Operation Deal

Iran and Venezuela signed a 20-year deal on cooperation between the two allies subject to US sanctions during a visit Saturday to the Islamic republic by Venezuelan President Nicolas Maduro.

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Iran and Venezuela signed a 20-year deal on cooperation between the two allies subject to US sanctions during a visit Saturday to the Islamic republic by Venezuelan President Nicolas Maduro.

Iranian President Ebrahim Raisi said the inking of the agreement shows the determination of the high-level officials of the two countries for development of relations in different fields.

Maduro, speaking at a joint news conference in Tehran, said the cooperation covered the energy and financial sectors, as well as “work together on defence projects”.

Maduro also met Iran’s supreme leader Ayatollah Ali Khamenei, who said that “resistance” is the way to confront US pressure.

Khamenei welcomed the agreement, and called for “stronger” cooperation between Tehran and Caracas, according to a statement on his official website.

Alongside the likes of Russia, China, Cuba and Turkey, Iran is one of Venezuela’s main allies. And like Venezuela, it is subject to tough US sanctions.

State news agency IRNA said in addition to the 20-year accord inked by the two countries’ foreign ministers, “Iran and Venezuela signed documents on cooperation in the political, cultural, tourism, economic, oil and petrochemical fields.

From July 18, direct flights would operate between Caracas and Tehran “in order to promote tourism and the union between our countries,” he said, adding that “Venezuela is open to receive tourists from Iran”.

Iran’s president said direct flights would pave the way for enhanced “trade and economic relations, as well as bringing the two nations closer together”.


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