Changes

During an April 2005 trip to Cuba, Presidents Chávez and Castro announced commercial deals worth over $400 million, including a joint shipyard to build small navy ships and a joint housing construction company. In January 2007, a delegation of Cuban officials visited Caracas and signed a number of agreements to increase economic linkages, including an agreement for joint oil exploration in both countries.

During an April 2005 trip to Cuba, Presidents Chávez and Castro announced commercial deals worth over $400 million, including a joint shipyard to build small navy ships and a joint housing construction company. In January 2007, a delegation of Cuban officials visited Caracas and signed a number of agreements to increase economic linkages, including an agreement for joint oil exploration in both countries.

PdVSA is also involved in refurbishing an unfinished oil refinery in Cienfuegos, Cuba. Beyond Latin America, the Bush Administration has expressed concerns with Venezuela's growing relations with Iran. In February 2006, Secretary of State Rice referred to Venezuela, along with Cuba, as "sidekicks" of Iran in reference to those countries’ votes in the International Atomic Energy Agency against reporting Iran to the U.N. Security Council over its uranium enrichment program.<ref>Pablo Bachelet, "Rice Bashes Venezuelan Leader, Politics," [[Miami Herald]], February 17, 2006; House International Relations Committee, Hearing on the Fiscal Year 2007 International Affairs Budget, Testimony of Secretary of State Condoleezza Rice, February 16, 2006.</ref> In testimony before the Senate Select Intelligence Committee in February 2006, Director of National Intelligence [[John Negroponte]] expressed concern that President Chávez "is seeking closer economic, military, and diplomatic ties with Iran and North Korea."<ref>Senate Select Intelligence Committee, Hearing on World Wide Threats, Testimony of Director of National Intelligence John Negroponte, February 2, 2006.</ref> ran and Venezuela signed an agreement for a $200 million fund to finance joint investment and social projects, and commercial agreements in the early stages include plans for a cement factory, oil exploration in the Orinoco River belt, and a joint operation to build oil and liquid natural gas tankers.<ref>Steven Dudley, "Chávez’s Wooing of Iran Called Troubling," [[Miami Herald]], March 2, 2006.</ref> During a visit by Iranian President Mahmoud Ahmadinejad to Venezuela in mid-January 2007, the two countries announced they would use a $2 billion investment fund to finance projects in both countries and other countries as well.<ref>Simon Romero, ''Iranian President Visits Venezuela to Strengthen Ties,'' [[The New York Times]], January 14, 2007.</ref>

PdVSA is also involved in refurbishing an unfinished oil refinery in Cienfuegos, Cuba. Beyond Latin America, the Bush Administration has expressed concerns with Venezuela's growing relations with Iran. In February 2006, Secretary of State Rice referred to Venezuela, along with Cuba, as "sidekicks" of Iran in reference to those countries’ votes in the [[International Atomic Energy Agency]] against reporting Iran to the U.N. Security Council over its uranium enrichment program.<ref>Pablo Bachelet, "Rice Bashes Venezuelan Leader, Politics," [[Miami Herald]], February 17, 2006; House International Relations Committee, Hearing on the Fiscal Year 2007 International Affairs Budget, Testimony of Secretary of State Condoleezza Rice, February 16, 2006.</ref> In testimony before the Senate Select Intelligence Committee in February 2006, Director of National Intelligence [[John Negroponte]] expressed concern that President Chávez "is seeking closer economic, military, and diplomatic ties with Iran and North Korea."<ref>Senate Select Intelligence Committee, Hearing on World Wide Threats, Testimony of Director of National Intelligence John Negroponte, February 2, 2006.</ref> ran and Venezuela signed an agreement for a $200 million fund to finance joint investment and social projects, and commercial agreements in the early stages include plans for a cement factory, oil exploration in the Orinoco River belt, and a joint operation to build oil and liquid natural gas tankers.<ref>Steven Dudley, "Chávez’s Wooing of Iran Called Troubling," [[Miami Herald]], March 2, 2006.</ref> During a visit by Iranian President Mahmoud Ahmadinejad to Venezuela in mid-January 2007, the two countries announced they would use a $2 billion investment fund to finance projects in both countries and other countries as well.<ref>Simon Romero, ''Iranian President Visits Venezuela to Strengthen Ties,'' [[The New York Times]], January 14, 2007.</ref>

Some Members of Congress have expressed concerns about relations between Venezuela and Iran. In the 110th Congress, H.Res. 435 (Klein) would, among its provisions, express concern over national security implications of the relationship between the leaders of Iran and Venezuela.

Some Members of Congress have expressed concerns about relations between Venezuela and Iran. In the 110th Congress, H.Res. 435 (Klein) would, among its provisions, express concern over national security implications of the relationship between the leaders of Iran and Venezuela.