Special to WorldTribune.com

NICOSIA — Iran has approved a plan to supply billions of dollars
worth of oil to Syria.

Syria’s official state news agency said Teheran agreed to deliver $3.6 billion in oil over the next year.

In exchange, the regime of President Bashar Assad, which is fighting a more than two-year civil war, has allowed Iran to invest in Syria.

“An agreement was signed in Teheran by the Iranian and Syrian central banks, granting Syria a credit line worth $3.6 billion,” Sana said on July 30.

Sana said the agreement, signed on July 29, would help relieve the fuel shortage in Syria. The news agency did not identify the targets of Iranian investment.

  Bashar Assad, Iran grants Syria a $3.6 billion line of credit for oil, Iranian and Syrian central banks