Iran and Latin America: An Axis of Unity

An interesting story in The San Antonio Express-News on Iran’s recent partnership with Nicaragua and Venezuela to help finance a $350 million deep-water port on Nicaragua’s wild Caribbean shore, and then plow a connecting “dry canal” corridor of pipelines, rails and highways across the country to the populous Pacific Ocean. The dry canal scheme has been on paper for nearly 100 years, but proponents believe the plan would enrich Nicaragua by drawing Venezuelan oil and shipping business from the Panama Canal, Costa Rica and El Salvador. While the article focuses primarily on the potential security implications of this partnership, I believe the more interesting aspect is the continued economic and political engagement between Iran and Central America.

In fact, in a separate article in Commentary Magazine, Tehran’s efforts to strengthen contacts in the region are neatly detailed. As the report notes:

“…In addition to building relations with Ortega’s Sandinistas, Iran has nurtured ties with new leftist governments in Bolivia and Ecuador. And of course there is the combination of Iran and Hugo Chavez’s Venezuela, what Tehran calls the “axis of unity.” Iranian president Mahmoud Ahmadinejad is also reaching out to moderate Latin American governments, most notably Brazil’s. “Iran is trying to create a geopolitical balance with the United States,” according to Bill Samii of the Center for Naval Analyses in Virginia….”

This entry was posted on Saturday, December 29th, 2007 at 3:37 pm and is filed under Bolivia, Ecuador, Iran, Nicaragua, Venezuela.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

Comments are closed.

Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.