Saudi Arabia to give Syria 1.65 million barrels of crude oil

Saudi Arabia will supply Damascus with 1.65 million barrels of crude oil to support the country’s economy and improve living conditions for its people, the Saudi Press Agency reported Thursday.

The decision was based on the directives of Saudi King Salman bin Abdulaziz and Saudi Crown Prince Mohammed bin Salman, according to a statement carried by the agency.

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Saudi Fund for Development (SFD) CEO Sultan al-Marshad and Syrian Minister of Energy Mohammed al-Bashir signed a memorandum of understanding in this regard in Syria.

“The grant aims to enhance the operations of Syrian refineries and achieve both operational and financial sustainability. Its goals include supporting economic development, addressing economic challenges, fostering the growth of vital sectors, and contributing to the achievement of sustainable development goals,” SPA reported.

The grant also reflected Saudi Arabia’s “continued efforts to improve the living conditions of the brotherly Syrian people, building on the close relations between the two countries.”

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