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Iran, Venezuela establish technical workgroups

Business Materials 31 August 2010 17:15 (UTC +04:00)

During the Iranian Industries and Mines Minister Ali-Akbar Mehrabian's visit to Caracas, the two countries established some technical workgroups to accelerates their joint projects.

Heading an industrial and economic delegation the Iranian minister left Tehran for Caracas on Wednesday.

During his visit, Mehrabian has held meetings with the Venezuelan Vice President Ramiro Valdés Menendez and the nation's Minister of Science and Technology.

Mehrabian also opened Iran's industrial capacities show in Venezuela on Thursday.

Over 30 Iranian companies active in different fields such as oil and refinery, carpet and handicrafts, dried nuts and foods, tractor and automobile manufacturing, and home appliances are showcasing their latest achievements in the 4-day event.

Iran has carried out several projects in Venezuela including car and tractor manufacturing units, 13 dairy factories, and cement production units.

In January, the Iranian Ministry of Industries and Mines announced that 70 projects, mostly run by private sector companies, were being implemented in Venezuela.

The projects are mostly in the areas of automobile and tractor manufacturing and the construction of cement and dairy factories.

However, Iranian companies and organizations are also involved in mining and excavation projects as well as cultural, technological, scientific, and academic activities in Venezuela.

Iranian President Mahmoud Ahmadinejad and Venezuelan President Hugo Chavez signed a memorandum of understanding in Caracas in November 2009 that comprised 270 agreements on cooperation in the areas of agriculture, industry, technology, energy, fisheries, and housing.

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