Iran grants Syria $3.6 bln credit facility

Syrian authorities and Iran signed a deal this week to activate a $3.6 billion credit facility.

Iran grants Syria $3.6 bln credit facility

World Bulletin / News Desk

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.

Last Mod: 31 Temmuz 2013, 14:56
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