Tehran has decided to limit its cheap oil exports to Syria, doubling the price of Damascus. About Wrote The Wall Street Journal cites informed sources.
“In recent weeks, Iranian officials have told their Syrian counterparts that when demand peaks in winter they will have to pay more for additional oil supplies, doubling the price to over $70 a barrel,” the newspaper wrote.
Also, Tehran asked Damascus to pay for the oil supply in advance and refused new loan requests, according to the broadcast’s interlocutors.
Hamid Hosseini, representative of the Iranian Oil, Gas and Petrochemical Exporters Association, noted that Tehran itself is under pressure and the country has no reason to sell Damascus raw materials at a discount.
Syria consumes about 100,000 barrels of oil every day, but produces only 24,000 barrels. In December, official Damascus decided to cede the country to a four-day working week in state institutions amid a severe fuel shortage and local oil depreciation due to sanctions. currency unit.
The previous day, TankerTrackers portal tracking oil supply knowledgeableIran is preparing to send about 132.8 thousand tons of diesel to Lebanon via Syria.
Source: Gazeta

Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.