Venezuelan President Hugo Chavez is scheduled to pay a several-hour visit to Tehran following his attendance in the upcoming summit of the Organization of Petroleum Exporting Countries (OPEC) in Riyadh, Saudi Arabia early next week.

The Moroccan Foreign Trade Minister discussed future trade and business cooperation with Iranian Commerce Minister Massoud Mir Kazemi on Thursday.

Iran’s new Oil Minister Gholamhossein Nozari blamed misunderstanding for the fall of the $22 billion deal to export five million tons of liquefied natural gas (LNG) to India.