BREAKING NEWS

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

AMMAN - 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 Assad's government.
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