BEIRUT

Regional

Syria says reaches deal with Russia for oil products

Qadri Jamil, Syria's deputy prime minister for economic affairs, listens during a news conference in Moscow August 3, 2012. REUTERS/Maxim Shemetov

MOSCOW: Syria has reached an agreement to send its crude oil to Russia in return for shipments of refined oil products, Syria's deputy prime minister for economic affairs said Friday.

"We will deliver our oil and receive gasoline and fuel oil; it will be a barter," Qadri Jamil told journalists, adding that Syria is producing about 200,000 barrels per day.

Jamil, leading a delegation of economic officials including the country's oil and finance ministers, was in talks with Russian government and private sector officials on ways to alleviate the economic effects of sanctions on Syria.

"We need oil, oil products. Shortages of these materials are making the situation in the country difficult," he said at a news conference.

He also said Syria had asked for credit from Russia and that the size and terms of any loan would be decided "within weeks".

Russia, which along with China has defended Syrian President Bashar Assad from harsher sanctions in the U.N. Security Council, is one of Damascus' few remaining allies.

 

Recommended

Advertisement

Comments

Your feedback is important to us!

We invite all our readers to share with us their views and comments about this article.

Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.

comments powered by Disqus

Advertisement

FOLLOW THIS ARTICLE

Interested in knowing more about this story?

Click here