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Iran, Venezuela may sign oil contract in near future

Oil&Gas Materials 12 March 2013 12:53 (UTC +04:00)

Azerbaijan, Baku, Mar.12/ Trend G.Mehdi/

Iran and Venezuela may sign a deal within the next two months to establish an offshore oil platform in Venezuela, the Fars News agency quoted the managing director of the Iranian Offshore Engineering and Construction Company Ali Taheri Motlagh as saying.

Preliminary studies have been completed and a deal is expected to be signed within the next two months to start construction operations, he added.

All the necessary investment will be carried out by the Venezuelan side, he noted.

In recent years, Iran has expanded friendly ties with Latin America, especially in economic, trade and industrial fields.

Since taking office in 2005, Iranian President Mahmoud Ahmadinejad has expanded Iran's cooperation with many Latin American states, including Venezuela, Bolivia, Ecuador and Cuba.
Iran's strong and rapidly growing ties with Latin America and especially Venezuela, have raised eyebrows in the US and its western allies since Tehran and Latin nations have forged an alliance to pursue an independent policy.

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