Iran-Venezuela Relations

Iran, Venezuela stress expansion of bilateral ties

Mohammad Nahavandian lauded Venezuela's decision to walk down the path of economic development, and said, "Reducing reliance on oil should be prioritized by the economies which are oil-dependent."

Iran gives Venezuela $500 million credit line

Among the agreements, there are plans for joint production of commodity goods, including detergents and other hygiene materials in Venezuela.

Iran seeking to increase oil exports to pre-sanctions level: Minister

It is expected that the OPEC members provide space for an increase of Iran's oil production in the global markets, said Zanganeh.

Low oil prices harm producers, global market: Rouhani

We hope that coordinated efforts by oil exporters to bring balance back to the oil market will continue, said President Rouhani.

Zarif welcomes Venezuelan counterpart

The snapshots of a meeting between the Iranian and Venezuelan foreign ministers in Tehran.

Aligned OPEC members can stabilize oil prices: Iran

Iranian President Hassan Rouhani says collective efforts by OPEC member states can help stabilize global crude prices at a desirable level in 2015.

Iran president stresses need to balanced oil price

The Iranian president says crude price fluctuations will have an adverse impact on global economy.

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