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- A memorandum of understanding was signed between the Saudi Fund for Development and the Syrian Ministry of Energy
- The grant will contribute to enhancing the operation of Syrian refineries and achieving operational and financial sustainability
RIYADH: The Saudi Fund for Development will give the Syrian Arab Republic 1.65 million barrels of crude oil, the Saudi Press Agency reported on Thursday.
A memorandum of understanding was signed between the Saudi Fund for Development and the Syrian Ministry of Energy.
The grant will contribute to enhancing the operation of Syrian refineries and achieving operational and financial sustainability, support economic development and address economic challenges in Syria.
This will foster the growth of vital sectors and support national and international efforts to achieve sustainable development goals, SPA said.
The grant, issued on the directives of King Salman and Crown Prince Mohammed bin Salman, reflects the Kingdom鈥檚 efforts to contribute to improving the living conditions of the Syrian people.