Monday 22 September 2014
 
»
 
»
MOVE TO AID OIL PURCHASE

Iran grants Syria $3.6 billion credit facility

Amman, July 31, 2013

Syrian authorities and Iran signed a deal this week to activate a $3.6 billion credit facility to buy oil products with long term payment terms, officials and bankers said on Wednesday.

The deal, which was agreed last May between the two allies and will allow Iran to acquire equity stakes in investments in Syria, was part of a package to extend Iranian aid to President Bashar al Assad's government. – Reuters


 




Tags: Iran | Syria | assad | aid |

More Government & Laws Stories

calendarCalendar of Events

Ads