Iran, Syria sign raft of memoranda and deals

By bne IntelliNews January 18, 2017

Following the purge of foreign-backed rebels in the devastated Syrian city of Aleppo by Iranian, Lebanese and Russian forces, Damascus’s prime minister Imad Khamis was in Tehran to sign five reconstruction agreements on January 17.

The deals signed between Iran’s first vice-president Eshaq Jahangiri and the Syrian PM amount to a clear nod of appreciation from Syrian head of state Basher al-Assad’s government for the help they received from Iran’s Revolutionary Guard (IRGC) troops and Tehran-backed Shia militias in fighting the Qatari and Saudi-backed rebels in Aleppo.

The first of the five memoranda include a deal to allow Iran’s IRGC access to Syria’s airwaves to create a new mobile network.

Other deals signed include giving tracts of land to the IRGC to restart food production in Syria.

Another deal was signed with a not yet announced mining company to explore mineral extraction in the south of the country, a close strategic ally of Iran.

Lastly, another deal was signed between the two officials to include the redevelopment of Syria’s oil and petrochemical sectors.

The IRGC sent thousands of troops to the Syrian front lines to support the Damascus government’s forces in the long five-year civil war which saw some 500,000 people killed.

The deals signed in Tehran also confirm Iran’s access to the Mediterranean and allow it to progress its delayed gas exports from the giant South Pars gas field in the Persian Gulf.

Following the deal, Khamis met with Iranian security officials who stated that Iran would continue to support the Syrian government’s stance against the rebels in Syria.

Related Articles

Iran "hits impasse" in bid to set up Bank of England clearing accounts

Iran is failing to make headway with a request to the Bank of England (BoE) to set up special clearing accounts for its banks, Reuters reported on March 20. Sources said the BoE ... more

Iran's crude oil exports climb to 3mn bbl/day for first time since 1979 revolution

Iran’s crude oil exports recently hit 3mn barrels a day for the first time since the 1979 Islamic Revolution, Petroleum Minister Bijan Namdar Zanganeh told state news agency IRNA on March 8. The ... more

IMF: Iran risks return to recession if nuclear accord is derailed

Iran risks returning to the recession it was enduring a year ago if the nuclear deal with major powers that paved the way for the present post-sanctions era comes off the rails, the International ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss