Venezuela

[Schneemann]

Venezuela to export gasoline to Iran

TEHRAN, Iran (CNN) -- Venezuela will begin exporting 20,000 barrels of gasoline to Iran next month as the nations strengthen bilateral cooperation, according to Iranian state media and the Venezuelan government.

Iranian President Mahmoud Ahmadinejad and his Venezuelan counterpart Hugo Chavez announced the agreement Sunday. It will begin in October, according to Iran's Press TV and a Venezuelan government statement. Chavez said Iran will pay about $800 million a year for the gasoline.

Link: <!-- m --><a class="postlink" href="http://www.cnn.com/2009/WORLD/americas/09/07/iran.venezuela.gasoline/index.html">http://www.cnn.com/2009/WORLD/americas/ ... index.html</a><!-- m -->

Schneemann.