Accompanying President Seyyed Ebrahim Raeisi, the minister is heading a delegation to cement Iran’s relations with Venezuela, Nicaragua, and Cuba in the upstream and downstream sectors of the energy industry.

Iran and the three Latin American states will hold talks on cooperation in the fields of oil, gas, petrochemical, refinery, technical and engineering services, technology, exports, and human resources and will sign contracts and memorandums of understanding (MoUs).

Raeisi remarks

Talking prior to his departure for Venezuela, the president hailed ‘cordial’ political, economic, and trade relations between Iran with the three states, describing his country’s energy cooperation with Latin America as “good”.

Raeisi referred to Iran’s exports of technical and engineering services to the three countries as another field of their cooperation.

The ties between Iran and independent states in Latin America are “strategic”, he said and added, “The common stance of the Islamic Republic of Iran and the three countries of Venezuela, Nicaragua, and Cuba is to stand up to hegemony and unilateralism.”

In June 2022, Iran and Venezuela signed a 20-year partnership agreement to boost their cooperation in different fields during Venezuelan President Nicolas Maduro’s visit to Tehran.

The president is accompanied by a number of ministers and top officials.