Iran, Venezuela revise ties ahead of Chavez visit | world | Hindustan Times
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Iran, Venezuela revise ties ahead of Chavez visit

Iranian Foreign Minister Manouchehr Mottaki visited Caracas to touch up on bilateral ties ahead of Venezuelan President Hugo Chavez’s visit to Tehran next week, officials said.

world Updated: Mar 28, 2009 11:00 IST

Iranian Foreign Minister Manouchehr Mottaki visited Caracas to touch up on bilateral ties ahead of Venezuelan President Hugo Chavez’s visit to Tehran next week, officials said.

“Some important issues were examined, including the progress of joint projects, especially as concerns industrial cooperation and technology transfers,” a diplomatic source told AFP on Friday.

During a public ceremony, Chavez revealed Mottaki was visiting along with vice ministers and other government officials, and said a meeting had been planned for later in the day.

Chavez and his Iranian counterpart, Mahmoud Ahmadinejad, are both arch-foes of Washington and their governments have significantly boosted their ties in recent years, signing dozens of agreements on binational banks, energy and factories.

Cooperation between the two members of the Organization of the Petroleum Exporting Countries (OPEC) has translated into over 200 investment projects valued at more than seven billion dollar in 2007, according to Venezuelan official figures.