Skip to comments.Iran invests millions in Venezuela
Posted on 10/06/2008 5:58:54 PM PDT by nickcarraway
Iranian Industries and Mines Minister Ali-Akbar Mehrabian announced here on Sunday that the country has commissioned hundreds of millions of dollars worth of industrial projects in Venezuela.
Speaking on the sidelines of a meet with Venezuelan Foreign Minister Nicolas Maduro, the Iranian official said that two development projects in the housing and tractor manufacturing fields will soon be inaugurated, the Mehr News Agency reported.
The two sides discussed the status quo of projects underway by Iranian entities in Venezuela as well as enforcing the 17 cooperation agreements inked in the fifth Tehran-Caracas joint economic session.
Nicolas Maduro expressed his satisfaction over the meeting and said, The progress of the projects is satisfactory.
Iran and Venezuela relations are now an example for the third world countries.
Tractor, automobile, bicycle, and cement production factories will be soon put into action, he said.
Cool. Better they throw away their cash on ill-fated ventures in Chavezland, than give it to Hezbullah.
How much uranium does V. have?
I’ve got some bad news for you.
Oops! Let me try that again.
The Iranians make fine bunkers.
After the oil?
“...throw away their cash...”
You got that right!! What a rude awakening the Persian Empire is gonna’ have this time around: investing in any South American country is risky at best, but when controlled by an egotistical maniac with delusions of grandeur, they’re bound to lose all their investment and maybe personnel.
The USA may find itself in the odd predicatment of being on the sidelines as an observer if Iran and Venezuela have a violent over their “deal” going toes up!!
Excuse me, that should read “...Iran and Venezuela have a violent conflict over...”