Iran, Venezuela sign 20-year cooperation plan during Maduro’s visit | Oil and gas news

Tehran, Iran – Iran and Venezuela signed a 20-year “highway map for cooperation” throughout President Nicolas Maduro’s state go to to Tehran as the 2 oil-rich nations reeling from US sanctions vowed to spice up bilateral ties.

The Venezuelan President met his Iranian counterpart, Ibrahim Raisi, right now, Saturday, on the Saadabad Palace in Tehran, a day after he arrived within the Iranian capital with a high-level political and financial delegation on a two-day journey.

At a joint convention after their assembly, the 2 sides hailed the elevating of bilateral relations to a “strategic” degree and agreed that the 2 international locations might increase commerce ties in addition to the power, science and expertise, agriculture and tourism sectors.

The international ministers of the 2 international locations signed the cooperation roadmap, the precise particulars of which have been saved confidential, within the presence of the 2 international locations’ presidents.

The delegations of the 2 international locations mentioned the main points of future cooperation, as the 2 leaders targeted on problems with joint cooperation in financial points amid stifling financial crises resulting from sanctions.

“The international coverage of the Islamic Republic of Iran has at all times been to ascertain relations with unbiased international locations, and Venezuela has proven that it has confronted unimaginable resistance in opposition to threats and sanctions from enemies and imperialism,” Raisi mentioned, sitting subsequent to Maduro.

Iranian President Ebrahim Raisi and Venezuelan President Nicolas Maduro in Tehran.
Iranian President Ebrahim Raisi and Venezuelan President Nicolas Maduro arrive for a gathering in Tehran [President Website/WANA via Reuters]

He added that like Venezuela, Iran has additionally confronted sanctions from america and others for many years, however selected to view it as a possibility to maneuver the nation ahead.

Raisi mentioned Iran has succeeded in breaking the “most strain” coverage that Washington has initiated because it unilaterally deserted Iran’s 2015 nuclear cope with world powers in 2018.

Regardless of quite a few rounds of talks, no breakthrough has been made to revive the landmark settlement that’s more likely to grant sanctions aid in change for restrictions on Tehran’s nuclear programme.

In a while Saturday, Raisi accompanied Maduro and his delegation to a gathering with Iranian Supreme Chief Ayatollah Ali Khamenei.

Khamenei additionally praised the nearer relations between the 2 international locations and efforts to confront america, and supported Venezuela’s help for Palestine.

“The profitable expertise of the 2 international locations has proven that the one technique to confront the extraordinary pressures and hybrid warfare of america is to face as much as it and resist,” his web site quoted him as saying.

Direct flight between Tehran and Caracas

Maduro additionally praised Venezuela’s “resistance in opposition to sanctions and imperialism” since 2017, and mentioned his nation goals to make use of Iran’s experiences on this area and can focus future cooperation in science and expertise.

The Venezuelan president praised Iran’s “miracles” in creating its agricultural sector amid historic droughts, and mentioned that the 2 international locations goal to develop relations on this sector.

Maduro introduced {that a} direct flight between Tehran and Caracas will begin from July 18, hoping that it’ll assist extra Iranians think about Venezuelan cities and pure points of interest as vacationer locations.

“I believe our future might be certainly one of fascinating and strong friendships,” he mentioned. The way forward for the world is the way forward for equality, justice and standing in opposition to imperialism. We should construct this future collectively.”

In an interview with Spain’s state-run Hispan TV on Friday, Maduro additionally praised Iran’s assist in its ailing oil trade.

Raisi, who despatched Petroleum Minister Jawad Ogi to fulfill Maduro earlier this 12 months, promised on Saturday that cooperation would proceed.

After the conferences, Iranian state TV mentioned Raisi and Maduro attended a ceremony through video hyperlink, throughout which Iran formally delivered the second out of 4 Aframax-class oil tankers ordered by Venezuela.

Constructed by a state firm, the Aframax is alleged to be 250 meters lengthy and may maintain as much as 800,000 barrels of oil.

Stand as much as American hegemony

Since 2020, Iran has helped restore and overhaul quite a few Venezuelan refineries which have suffered from many years of mismanagement, low funding, and sanctions.

Iranian President Ebrahim Raisi and Venezuelan President Nicolas Maduro in Tehran.
Hamid Mousavi, a professor of political science at Tehran College, mentioned each presidents tried to venture a picture of “standing as much as American hegemony.” [Vahid Salemi/AP Photo]

The 2 international locations additionally signed an oil change settlement final 12 months, in line with which Iran despatched shipments of its heavy crude to assist Venezuela improve oil and gasoline manufacturing to keep away from the gas crises it skilled lately.

Talking from Tehran, Hamid Mousavi, a professor of political science at Tehran College, mentioned each presidents tried to venture a picture of “standing as much as American hegemony.”

He advised Al Jazeera, “Such a method could possibly be profitable if different bigger international locations resembling China and Russia joined in.”

Noting that the assembly of the joint delegation between Iran and Venezuela targeted totally on financial facets, Mousavi mentioned that the 2 international locations will profit from financial cooperation whatever the continuation of strict US sanctions.

Iran signed a 25-year cooperation settlement with China final 12 months, and mentioned it had “entered the implementation section” earlier this 12 months.

It’s also negotiating the renewal of a 20-year cooperation settlement with Russia, which was mentioned throughout Raisi’s go to to Moscow in January.