Conflict of Interest: Syria says preparing to finalize oil deal with RussiaAugust 22, 2012
Source: Chicago Tribune
Syria is preparing to complete a deal with ally Russia to secure much-needed oil products to keep its economy and military running, the head of a Syrian delegation to Russia said on Tuesday, weeks after he said an agreement had been reached.
Syrian Deputy Prime Minister for Economic Affairs Qadri Jamil on August 3 told reporters that an agreement had been reached for Syria to export crude to Russia in exchange for refined oil products.
“It was an agreement in principle reached during our last visit,” Jamil said at a news conference, adding that sanctions imposed by the United States and the European Union were biting into the Syrian economy.
“We have to find an alternative path. I think in the near future we will complete the preparatory stage and move on to a real agreement on the delivery of oil and oil products,” he said after talks with Russian Foreign Minister Sergei Lavrov.
Two separate Syrian delegation have visited Moscow this month in order to bargain for crucial economic aid, including a loan, though Jamil said it was too early to go into the details of any such credit.