(Associated Press) In Tehran, Chavez and Ahmadinejad signed four memorandums of understanding Monday to create a joint bank, a fund, an oil industry technical training program and an industrial agreement, Iranian state television said. [...]
On Chavez's visit in July, the two leaders broke ground for a joint petrochemical complex in Iran, with 51 percent in Iranian ownership and 49 percent owned by Venezuela. The two nations also began construction of a petrochemical complex in Venezuela, at a total combined cost of $1.4 billion.
Since 2001, the two countries have signed more than 180 trade agreements, worth more than $20 billion in potential investment, according to official reports.
Iran has partnered with Venezuela on several industrial projects in the South American nation, including the production of cars, tractors and plastic goods.
Monday, November 19
Venezuela's President Hugo "Flapping Lips" Chavez and Iran's President Mahmoud "I see auras around people" Ahmadinejad, the perfect power couple:
Posted by Pundita at 11/19/2007 10:25:00 PM