Saudi Fund for Development to Grant Syria 1.65 Million Barrels of Crude Oil
The Saudi Fund for Development will provide the Syrian Arab Republic with a grant of 1.65 million barrels of crude oil, aiming to enhance Syrian refineries' operations and support economic development.
Riyadh - The Saudi Press Agency reported on Thursday that the Saudi Fund for Development (SFD) plans to donate 1.65 million barrels of crude oil to the Syrian Arab Republic.
According to the report, a memorandum of understanding has been signed between SFD and Syria's Ministry of Energy, outlining terms of this grant.
The financial assistance aims to improve the operational efficiency and financial sustainability of Syrian refineries.
This move is expected to contribute positively to economic development within the country, addressing specific economic challenges facing Syria, as stated by SPA.
By enhancing these vital sectors, the initiative supports national and international efforts toward achieving sustainable development goals.
King Salman and Crown Prince Mohammed bin Salman have directed this grant, showcasing the Kingdom of Saudi Arabia's commitment to improving the living conditions of the Syrian people.
This donation reflects Saudi Arabia’s ongoing efforts in contributing to regional stability and development.
According to the report, a memorandum of understanding has been signed between SFD and Syria's Ministry of Energy, outlining terms of this grant.
The financial assistance aims to improve the operational efficiency and financial sustainability of Syrian refineries.
This move is expected to contribute positively to economic development within the country, addressing specific economic challenges facing Syria, as stated by SPA.
By enhancing these vital sectors, the initiative supports national and international efforts toward achieving sustainable development goals.
King Salman and Crown Prince Mohammed bin Salman have directed this grant, showcasing the Kingdom of Saudi Arabia's commitment to improving the living conditions of the Syrian people.
This donation reflects Saudi Arabia’s ongoing efforts in contributing to regional stability and development.
