Venezuelan President Nicolas Maduro's government has received vital equipment for its oil industry from Iran. Photo: AP
Venezuelan President Nicolas Maduro's government has received vital equipment for its oil industry from Iran. Photo: AP
Venezuelan President Nicolas Maduro's government has received vital equipment for its oil industry from Iran. Photo: AP
Venezuelan President Nicolas Maduro's government has received vital equipment for its oil industry from Iran. Photo: AP

Venezuela's Nicolas Maduro expected to visit Iran 'very soon'


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Venezuelan President Nicolas Maduro said on Sunday he will soon visit Iran to finalise new agreements on co-operation with the Middle Eastern country, which has become Venezuela's top ally in boosting oil output amid US sanctions.

Venezuela and Iran have strengthened their ties since last year.

Mr Maduro's government has received vital equipment for its oil industry from Iran, which in return has received crude and other primary resources from the South American country. Iran has been crucial for Venezuela's rising oil production in 2021.

“I am going to Tehran very soon, for a visit that President [Ebrahim] Raisi offered me, so that we meet in person, to hold conversations and sign new agreements … and speed up processes of co-operation,” Mr Maduro said during an interview with satellite news broadcaster Al Mayadeen in Spanish, which was later broadcast on Venezuelan state television.

Mr Maduro said he has had two telephone conversations with Iran's president, adding that they have agreed to work on new plans, without providing details. He also did not give a date for the visit but described the two countries as “fighters.”

In 2022, Venezuela will also look to reactivate means of co-operation with Arab countries, Mr Maduro added, saying that “they love us in the Arab world, I know that Arab governments and peoples love Venezuela.”

The tightening of US sanctions since 2019 has affected Venezuela's ability to sell crude and import fuel, which has exacerbated gasoline shortages across the country.

Pharaoh's curse

British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.

LA LIGA FIXTURES

Friday

Granada v Real Betis (9.30pm)

Valencia v Levante (midnight)

Saturday

Espanyol v Alaves (4pm)

Celta Vigo v Villarreal (7pm)

Leganes v Real Valladolid (9.30pm)

Mallorca v Barcelona (midnight)

Sunday

Atletic Bilbao v Atletico Madrid (4pm)

Real Madrid v Eibar (9.30pm)

Real Sociedad v Osasuna (midnight)

21 Lessons for the 21st Century

Yuval Noah Harari, Jonathan Cape
 

PROFILE OF STARZPLAY

Date started: 2014

Founders: Maaz Sheikh, Danny Bates

Based: Dubai, UAE

Sector: Entertainment/Streaming Video On Demand

Number of employees: 125

Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners

COMPANY%20PROFILE
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List of alleged parties

 

May 12, 2020: PM and his wife Carrie attend 'work meeting' with at least 17 staff 

May 20, 2020: They attend 'bring your own booze party'

Nov 27, 2020: PM gives speech at leaving party for his staff 

Dec 10, 2020: Staff party held by then-education secretary Gavin Williamson 

Dec 13, 2020: PM and his wife throw a party

Dec 14, 2020: London mayoral candidate Shaun Bailey holds staff event at Conservative Party headquarters 

Dec 15, 2020: PM takes part in a staff quiz 

Dec 18, 2020: Downing Street Christmas party 

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Hydrogen: Market potential

Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.

"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.

Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.

The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Updated: December 27, 2021, 4:19 AM`