He made the remarks here on Tuesday in a meeting with the visiting Oil Minister Asdrubal Chavez and Foreign Minister Delcy Rodriguez.

He also underscored the necessity of expanding relations in every possible area including politics, economy and energy.

Referring to a plans followed by certain countries to reduce oil prices, the foreign minister said Iran was working towards cutting dependence on oil prices so the lowering prices could affect Iranian budget in no significant way.

The Venezuelan foreign minister expressed pleasure over her Iran visit and voiced readiness of Caracas for all-out expansion of ties with Tehran.

She stressed the strategic relations existing between the two nations and said they needed to increase cooperation and coordination in regional and international issues.