Syrian authorities and Iran signed a deal this week to activate a USD 3.6 billion credit facility to buy oil products with long-term payment terms. Another USD 1 billion credit line to Damascus was already extended to buy Iranian power-generating products and other goods through a barter arrangement that has helped Syria export textiles and some agricultural produce such as olive oil and citrus.
Iran grants Syria $3.6 billion credit facility to buy oil products
- Published: 2 years ago on Thursday, 1 August 2013
- By: Iran Daily Brief
- Last Modified: August 1, 2013 @ 1:29 pm
- Filed Under: Economy
- Tagged with:
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