RealNews

Chavez invites Iranian investment

Venezuelan President Hugo Chavez has urged Iran to increase investment in his country’s oil and gas assets. Visiting Tehran as part of a foreign tour, Mr Chavez also pledged Venezuela would “stand by Iran at any time and under any condition”. Iranian President Mahmoud Ahmadinejad described Mr Chavez as a “brother and trenchmate”. Venezuela and Iran are close allies, both members of the Opec oil-producing cartel and fierce critics of the US. Full Story

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