Business

Venezuela’s president to visit Iran ‘very soon’

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Al-Araby

Venezuelan President Nicolas Maduro said on Sunday he will soon visit Iran to finalise new agreements on cooperation with the Middle Eastern country, which has become Venezuela’s top ally in boosting oil output amid U.S. sanctions. Venezuela and Iran have strengthened their ties since last year. Maduro’s government has received vital equipment for its oil industry from Iran, which in return has received crude and other primary resources from the South American country. Iran has been crucial for Venezuela’s rising oil production in 2021. “I am going to Teheran very soon, for a visit that Presid…

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