BREAKING NEWS

Report: Iran to supply Syria with $3.6 billion worth of oil

By JPOST.COM STAFF

JULY 31, 2013 06:56

Iran and Syria have come to an agreement by which Tehran will supply Damascus with $3 billion worth of oil on loan, AFP reported Tuesday, citing Syria's official news agency SANA.

The regime of Syrian President Bashar Assad has seen oil production in the country dissipate as result of the civil war.

According to the report, Damascus will repay the cost of the oil "through Iranian investments of various kinds in Syria."

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