APR 17, 2024 JLM 63°F 02:37 AM 07:37 PM EST
How Does the Assad Regime Pay for Iranian Oil?

Iran, which regularly supplies the Assad regime with crude oil shipments. This repeatedly raises the question of how Assad pays the price, at a time when his country's treasury is in short supply.

Similarly, Iran supplies the Assad regime with almost regular oil shipments, about 3 million barrels a month. That amount covers, at most, only half the quantity that the Assad regime needs.

Today, three Iranian oil tankers are expected to arrive at the Banias port, carrying about one million and 700,000 barrels of crude oil, according to sites that specialize in tracking maritime traffic.

Although it is known that Iran does not provide anything to Assad for free, the information on the compensation that Iran receives for these oil shipments is contradictory and almost unavailable.

Dr. Muhammad Abdul Majid, a researcher at the Center for Iranian Studies in Ankara, told "Orient Net" that Iran does not receive money for oil, but contracts, investments in energy, flour mills, and phosphates.

He adds that the sanctions imposed on Iran make it difficult to sell oil, so it sells at a price lower than the world market price. Iran prefers to sell it to Assad, even if the price is not in cash but investments.

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