Thursday, December 15, 2005

Iran and Venezuela item of the day

Venezuela, Iran to explore Orinoco oil reserves
Venezuela's state-owned oil company Petroleos de Venezuela SA (PDVSA) signed a deal on Monday with Iran's state company Petropars to explore the heavy oil deposits in Ayacucho Block 7, a 540 square km block in Venezuela's Orinoco River basin.

The study will form the basis of a future joint venture to extract crude.
As far as I can see, I'm the only blogger [*] pointing at the ever-closer relationship between Hugo and the mullahs, which includes If I were a betting person, I'd wager that this is only the beginning, folks.

[*] Update: I stand corrected. Rosemary's been looking at Iran's Interest in Venezuela , too.

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