Iran & Venezuela Plan New Refinery In Syria - Al Jazeera

[hatrack]

The ultimate Bush wet-dream target.

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Iranian-Venezuelan ties have previously focused cooperation as major oil exporters, but the leaders emphasized their new bond in standing up to America.

"Nowadays, we have common goals and interests," said Ahmadinejad, who repeatedly called his counterpart by his first name. "We have to be united." "I salute all the revolutionaries who oppose world hegemony," he added in an apparent reference to the United States.

Under Chavez, Venezuela - the world's fifth largest oil exporter - has reduced its refining assets in the United States while expanding operations throughout Latin America and the Caribbean.

Petroleos de Venezuela SA, Venezuela's state-run oil company, has recently bought a stake in a small Argentine refinery, signed a deal to double capacity at a Uruguayan refinery, revamped a Cuban refinery and laid the cornerstone for a $2.5 billion refinery in Brazil last December.

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http://english.aljazeera.net/NR/exeres/9AACCB21-F775-4EE9-8F5B-C8C035843F2E.htm