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Iran grants Syria $3.6 billion credit facility to buy oil products

Thursday, 1 August 2013

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.

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  • 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:
  • Source(s):
    • http://www.haramsevom.ir/main/view_news.php?type=haramsevom-news&code;=5393; http://www.voanews.com/content/iran-grants-syria-3-point-6-billion-credit-facility-to-buy-oil-products/1713830.html

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