Saudi Arabia announced Thursday it will provide Syria with 1.65 million barrels of crude oil to help the country rebuild its economy and infrastructure after nearly 14 years of civil war.
The agreement was formalised through a memorandum of understanding signed by Sultan Al-Marshad, CEO of the Saudi Fund for Development, and Syria’s Energy Minister Mohammad al-Bashir.
According to the Saudi Press Agency, the grant is intended to enhance the operations of Syrian refineries and reflects Riyadh’s ongoing efforts to improve living conditions for Syrians.
Syria, once self-sufficient in oil, has faced economic collapse due to the war and international sanctions.
Earlier this month, Syria exported 600,000 barrels of oil from the coastal city of Tartous, signaling a cautious return of investment in the energy sector. However, analysts note that recovery remains slow and fragile.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time bein...
Iran and Oman discussed a phased plan for a temporary shipping corridor through the Strait of Hormuz during the Omani foreign minister’s visi...
Russia and Ukraine have exchanged 10 prisoners of war each in Belarus, Moscow's Human Rights Commissio...
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Russia and Ukraine have exchanged 10 prisoners of war each in Belarus, Moscow's Human Rights Commissioner, Yana Lantratova, has said.
Russia and Ukraine have exchanged 10 prisoners of war each in Belarus, Moscow's Human Rights Commissioner, Yana Lantratova, has said.
At least nine people have been killed and hundreds of tourists are missing after a massive landslide triggered catastrophic flooding near Nepal’s Himalayan border with China’s Tibet region.
Instagram Chief Adam Mosseri has acknowledged that few teenagers used Instagram’s “Take a Break” feature before it became a default setting, as Meta faces a major U.S. trial over child safety.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 26th of August, covering the latest developments.
U.S. President Donald Trump has formally sent a landmark nuclear cooperation agreement with Saudi Arabia to Congress, opening a new phase in a deal that has already sparked debate over nuclear proliferation and Riyadh's ambitions.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment