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Iran expands economic reach into oil-rich region of Syria

Iran exports to Syria are increasing, a sign of an improving economic relation between the two countries.
A Syrian man holds the Iranian flag as a convoy carrying aid provided by Iran arrives in Deir ez-Zor, Syria, Sept. 20, 2017.

Tehran seems to have managed to improve its economic relations with Syria and achieve a steady rise in Iranian exports there. It continues its efforts to tighten control over Deir ez-Zor governorate, known for its agricultural and oil wealth. Iran is thus working both the military and economic aspects to compensate for the material losses it ensured defending the Syrian regime.

Meanwhile, the Russians are trying to monopolize the bulk of investment in Syria, especially with regard to oil and gas and reconstruction, without taking into account the interests of the Iranians and the agreements signed with the Syrian side. Conflicting agreements and contracts in some sectors, mainly in the fields of oil and gas, between Iran and Russia may result in disputes in this regard.

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