Syria and Iran discussed increasing the volume of investment projects and investments and activating the agreements relating to supply Iranian gas to Syria and the possibility of establishing joint ventures and investment company under a joint Syrian-Iranian.

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A statement by Syrian Cabinet said that “the Prime Minister Muhammad Naji Otari discussed and Aghamohammadi First Vice-President of the Iranian President to promote joint cooperation in the areas of transport, energy, tourism, industry and research areas scientific and technological and increase the volume of trade exchange and streamline procedures for the flow of goods and commodities between markets, Syrian and Iranian.”

Syria and Iran keep excellent relations but their economic relations are not up to the level of political relations as aspiring sides expected the volume of investments during the next three years to five billion dollars and is one of the most important projects to be implemented the establishment of an oil refinery with a capacity up to 140 thousand barrels per day partnership between Syria, Iran and Venezuela.

Otari and Mohammadi Called during the meeting to “take practical and operational to increase the size of projects and investments and investment to accomplish what the free trade agreement and activating the agreements relating to supply Syria Iranian gas to meet the needs of industrial projects and development as well as the establishment of a refinery for petroleum products Syrian-Iranian Venezuela.”