Tehran (IP) - The Iranian Oil minister said Iran had signed agreements with several Latin American countries to develop their petro-infrastructure and barter oil services for agricultural products of the Latin American countries.

Iran PressIran news: In response to Iran Press on Wednesday about the achievements of his trip to the Latin American countries, Javad Owji said he had 10 trips to some of the Latin American countries to pursue oil cooperation.

In his report about Iran's petroleum agreements with the countries, Oji told IP that Iran agreed to provide the countries with oil engineering services including the development of the gas fields of the countries and enhancing the capacity of their oil refineries. 

New markets for Iranian oil and petrochemical products as well as bartering oil services for agricultural products of the Latin American countries including wheat were the topic of the agreements signed between Iran and the Latin American countries, according to Oji.

The Latin American countries enjoy good natural conditions including the amount of rain, so they could supply the agricultural needs of Iran including wheat. 

Meanwhile, UN Secretary-General Antonio Guterres has warned of a “global food shortage” in the coming months due to the conflict in Ukraine, saying that the conflict “threatens to tip tens of millions of people over the edge into food insecurity followed by malnutrition, mass hunger, and famine.”

Russia and Ukraine together account for nearly a third of global wheat and barley supplies and half of its sunflower oil. Before the war, Ukraine was seen as the world’s breadbasket, exporting 4.5 million tons of agricultural produce through its ports per month.


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