January 14, 2007

ROUNDUP: Iran, Nicaragua Sign Cooperation Agreements

Iranian President Mahmoud Ahmadinejad said Sunday he hopes to support the Nicaraguan government with investments and economic aid.

Following talks with recently inaugurated Nicaraguan President Daniel Ortega, Ahmadinejad stressed that both countries had "common interests and common enemies."

The Iranian president and Ortega signed an agreement committing their countries to work together on economic, political and cultural issues.

Iran may assist in the construction of hydroelectric dams, electric plants, cement and automobile factories, Ortega said.

The Middle Eastern nation could also aid in public housing, agriculture, manufacturing, education and fishing, he said.

At a joint press conference, Ortega described the discussions as "really invaluable," adding that the aid will contribute to long term solutions in the poor Central American nation.

The Iranian president invited his Nicaraguan counterpart to visit Tehran.

A government minister said Ahmadinejad had also promised to ask the Iranian parliament to pardon Nicaragua's 152-million-dollar debt.

Ahmadinejad arrived in Nicaragua after meetings in Venezuela on Saturday evening with President Hugo Chavez.

Oil-rich Iran and Venezuela expanded their anti-US strategic alliance Saturday with the two controversial leaders signing 11 new bilateral agreements and pledging to boost the price of oil.

Ahmadinejad and Chavez agreed to speed up establishment of a 2- billion dollar bilateral fund to invest in countries that join their anti-US alliance.

The two leaders also pledged mutual support in foreign affairs, including efforts to keep oil prices high by lowering production from the oil cartel, the Organization of Petroleum Exporting Countries (OPEC). Iran and Venezuela are the world's fourth and fifth most important oil exporting nations.

Monday Ahmadinejad is to attend the inauguration in Ecuador of leftist populist Rafael Correa.

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