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PetroEnergy Information Network

Saturday / 11/25/2017 12:00:00 AM / 17:51
Service : Oil
News Id : 279890
Reporter : 763

Caracas Eager for Enhanced Energy Relations with Tehran

(Saturday, November 25, 2017) 17:51

TEHRAN, Nov. 25 (Shana) -- President of Venezuela Nicolas Maduro called for closer cooperation with Iran by strengthening partnership in the energy industry.

Cooperation between the Iranian and Venezuelan oil and gas companies could pave the way for the enhancement of bilateral ties between Tehran and Caracas, Maduro said in a meeting with Iranian First Vice-President Eshaq Jahangiri on Friday night (local time), Tasnim News reported.

They met on the sidelines of the fourth summit meeting of the Gas Exporting Countries Forum (GECF) in Bolivia’s Santa Cruz de la Sierra.

For his part, Jahangiri voiced Iran’s readiness to provide Venezuela with experiences in different industries, in which Iran has made great advances in recent years.

He also noted that the US sanctions have helped Iran rely on its own capabilities and boosts its domestic production to meet demands.

Iran and Venezuela enjoy a high level of diplomatic ties and are known as allies, as both are opposed to the US policies.

They have stepped up efforts in recent years to expand economic and industrial cooperation.