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Venezuela's Maduro in Iran for oil talks

10 january 2015, 11:35

 Venezuelan President Nicolas Maduro arrived in Tehran Friday for a 24-hour visit during which he will meet officials from fellow OPEC member Iran to discuss plunging oil prices, state television said, AFP reports.

Crude oil prices, which have been sliding for months, hit a five and a half year low this week. That has resulted in severe financial headaches for members of the Organisation of Petroleum Exporting Countries.

It was not clear what actions, if any, Maduro might be discussing with the Iranians.

The two countries have reinforced their political and economic ties over the past decade and a half.

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