Syria Approves First Transfer with Aramco

The Syrian Petroleum Company has initiated its first bank transfer transaction with Saudi Aramco, with support from the Syrian Central Bank, to enhance fuel supplies. This step is part of efforts to develop the oil and gas sector in Syria, where agreements have been signed with major Saudi companies, including the development of oil fields and the transfer of drilling rigs. Banking transfers between Aramco and Syria have been adopted, and negotiations are currently underway with other Saudi companies to improve the oil and gas transportation system and to train Syrian personnel to benefit from Saudi expertise.

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