HomeEconomyOilOil recovery has been achieved with support from Iran

Oil recovery has been achieved with support from Iran

Foreign Minister Yván Gil considers that the improvements that have occurred in the Venezuelan economy would not have been possible without cooperation with Iran

Foreign Minister Yván Gil stated that thanks to Iran the country has been able to recover oil production, despite the sanctions against it imposed by the United States.

The diplomat recalled that after the sanctions imposed by Washington against Venezuela and its oil industry, production fell from about two million barrels a day to 300.000, and is currently recovering.

The minister considers that the improvements that have occurred in the Venezuelan economy would not have been possible without cooperation with Iran and added that about the 20-year cooperation agreement between the two Governments.

He expressed that both the Venezuelan president Nicolás Maduro and the late Raisi were working on the “construction of an exemplary relationship,” which will continue after the election of the new president of the Islamic country. “In Tehran we have seen a message of hope to the world.”

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