Chavez Frias says his country's support for Iran is based on the latter's spirit of nationalism and determination to pursue an independent stance in a multi-polar world. 

• Iranian President, Mahmoud Ahmadineyad has stated that the two countries share many things in common in bilateral, regional and global issues and that both countries' potentials are becoming complementary.

Although Ahmadineyad was not at the airport to receive Chavez Frias on the latter's arrival, the Iranian Energy Minister was ... the two leaders met later at the President's Office. 

Opposition media in Venezuela are suggesting that Russian President Putin's not meeting Chavez Frias on the latter's arrival in Moscow was a humiliation ... no doubt, they will repeat the slur in the case of Iran. 

This is Chavez Frias' fifth visit to Iran and several agreements are already producing results, such as an Iranian tractor plant, an industrial mold production plant and petrochemical complexes. 

The two nations are also expected to reach an agreement on joint oil projects in the Gulf of Venezuela. 

In fact, the visiting delegation will monitor, update and sign a massive 80 agreements that have already been hammered out in advance meetings between experts and Ministers. 

The Venezuelans are particularly interested in the transfer of technology and exchange of social experiences and forms of organization.

Yesterday, President Chavez Frias has met the Supreme Leader of Islamic Revolution, Ayatollah Seyed Ali Khamenei.

The two leaders have discussed the Israeli invasion of Lebanon and its effect on the Arab and Muslim world.

Both men have rejected the US-UK plan to create a "New Middle East" claiming that US influence is on the wane.

Chavez Frias  says the Bolivarian Revolution is brother to the Islamic Revolution in Iran.