July 30, 2013
A banking arrangements agreement for implementing a $ 3.6 billion oil credit line was inked in Tehran between Iran’s Central Bank and the Central Bank of Syria.
The agreement included the Syrian side to pay the value of oil, which is supplied from Iran, through Iranian investments in Syria in various fields.
Earlier, Minister of Oil Suleiman Abbas and his Iranian counterpart Rostam Ghasemi discussed following up the implementation of the inked agreements in the fields of gas, oil and petroleum products and supplying it to Syria and carrying out the related credit line.
Both sides also reviewed means of working together to overcome the economic sanctions and the fierce war which the Syrian people are exposed to.
Governor of the Central Bank of Syria, Adib Mayaleh and Governor of Iran’s Central Bank Mahmoud Bahmani signed the agreement.