IRNA-Islamic Republic News Agency: Iran, Venezuela sign several agreements worth more than 1 billion US dollars. On Friday, Iran and Venezuela signed several agreements worth a total of over one billion dollars.
The documents were signed by visiting Iranian President Mohammad Khatami and his Venezuelan counterpart Hugo Chavez.
The agreements and memoranda of understanding signed by the two presidents covered various fields. Agreements on encouragement and support of investment, avoidance
of double taxation, shipping and marine trade as well as MoUs on oil, gas and petrochemistry are among the signed documents. The agreements also cover cooperation between the two countries on geological and mines projects. In a separate ceremony here Friday, Venezuelan President Hugo Chavez handed the highest official sign of his country to Iranian President Mohammad Khatami."
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