Iran in $1bn Bolivia oil pledge

Iran in $1bn Bolivia oil pledge

news.bbc.co.uk

Iran's leader Mahmoud Ahmadinejad has promised $1bn (£493m) to help Bolivia exploit oil and gas reserves

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well it seems Iran realy aint sort of a bob or two,

wonder what the US oilgarchy thinks of all this?

"Bolivia has the right to have diplomatic relations with Latin America, Europe, Africa, and the Middle East. We will never promote war... but nor do we accept that in the name of peace, the criteria of the strongest prevails," he said, seemingly referring to Washington, which made its displeasure known.

The BBC's South America correspondent, Daniel Schweimler, says Iran is keen to develop alliances with countries that have shown their independence from the influence of the US.

Reports suggest Mr Ahmadinejad was also interested in the Andean nation's reserves of uranium for use in Iran's nuclear industry, our correspondent says.



news.bbc.co.uk
(visit the link for the full news article)