Talking to SHANA, Hojjatollah Firouzi, a member of the Parliament’s Industries and Mines Committee, made the remarks and attached great significance to the recent visit Iran’s President Seyyed Ebrahim Raeisi and his accompanying delegation paid to three Latin American states, Venezuela, Nicaragua, and Cuba.

Elaborating on the visit’s importance, he said the U.S. considers Latin America as its backyard, adding Raeisi’s tour of the trio could strengthen Iran’s position in that region and lead to the development of its commercial and economic relations.

Iran is redefining its relations with surrounding countries and independent states and has taken large steps toward boosting its political, trade, and economic ties with other countries, said the parliamentarian, adding that is why relations between Iran and other states have expanded since the 13th (Raeisi) administration took over.

In addition to exports of oil and petrochemical products to Latin America, Iran has restored Venezuela’s refining capacity and is to give some of its refineries a complete overhaul, Firouzi continued.