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

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

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