Venezuela will invest US800m in Iran gas is this true. I just heard about it and then went online and read the following:
Venezuela's state oil giant Petroleos de Venezuela SA plans to invest $US780 million ($A800.41 million) in a project in Iran's South Pars gas field, an Iranian official has announced.
"During the Venezuelan delegation's recent trip, an agreement was signed for Venezuela to invest $US780 million to develop South Pars phase 12," project chief Hamid Akbari was quoted as saying by the oil ministry's Shana news agency.
Akbari said the agreement would be operational within three months.
Is this a punch in the face of some of the other countries that are against this deal and what can it be done to put a stop to it.
Tags: gas, invest, iran, true, US800m, Venezuela