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Iran, Venezuela expand petrochemical cooperation

by Wendy

During a visit to Caracas on Monday, Iranian President Rahid Rahid said Iran and Venezuela wanted to increase bilateral trade from $3 billion to $20 billion. During the visit, the two countries signed a memorandum of understanding to expand cooperation in the petrochemical sector, with a view to developing joint projects that build on the already close oil cooperation between the two countries.

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