Iranian delegation studies economic alliances with Venezuela

<a href=www.vheadline.com>Venezuela's Electronic News Posted: Monday, May 19, 2003 By: David Coleman

CVG president, Major General (ret.) FRancisco Rangel Gomez is to travel to Teheran at the end of May to discuss Venezuela's aluminum industry and the possibility for establishing bilateral economic agreements between Iran and Venezuela.  Iran's Ambassador to Caracas, Ahmad Aghahi has visited Venezuelan Guayana Corporation (CVG) HQ in Puerto Ordaz to get to know details in a portfolio of regional development deals, with special emphasis  on aluminum and iron.

“We consider that the interchange of experience and products may be interesting for both countries,” Ambassador Aghahi told reporters adding that he expects satisfactory results from Rangel Gomez' visit to his country and the understanding they have already recahed on two proposals.  "Iran is a bauxite consumer as well as iron exporter, and for that reason we are looking into becoming a customer of Venezuela as a first step."

CVG general director, Rafael Sanchez Marquez says that the opportunity will benefit not only State enterprises selling raw materials but also the establishment of assembly lines in Venezuela as well ... "the Iranian delegation members have shown a particular interest in setting up a tractor assembly line in Venezuela, allowing us to manufacture good quality machinery as they already do in Iran.”

Sanchez Marquez adds that the aluminum sector is also in process of starting up a new production line and has a special interest in V-350 technology which has been developed for Venezuelan specialists counting on worldwide certification.