Venezuela exported to Iran 20,000 barrels of gasoline a day from next October

The president of Venezuela, Hugo Chávez announced Sunday that his country will export 20,000 barrels of gasoline a day to Iran, IRNA agency reported.

"Venezuela will export 20,000 barrels of gasoline a day to Iran from October, under the terms of an agreement worth 800 million dollars," Chavez said at Machhad northeast Iran, quoted today as saying.

The Venezuelan president also reported that the parties agreed to "inject in the next 30 days $ 100 million in banking binational Venezuela-Iran."

Being second-largest oil exporter after Saudi Arabia in the Organization of Petroleum Exporting Countries (OPEC), Iran is forced to import 40% of petrol consumed by lack of sufficient refining capacity for oil.

Chavez visited Iran as part of its course through the eastern hemisphere which has taken him to Libya, Algeria and Syria. On September 9, near the Venezuelan official program will begin his visit to Russia.