After the decline of military battles in Syria, Russian companies have started implementing the contracts and investment agreements it signed with the regime’s government, especially in the field of gas and oil exploration in the Syrian territorial waters in the Mediterranean.

The Russian and Syrian sides signed the ‘Amrit’ contract in 2013 for oil and gas exploration in the Syrian territorial waters. The contract includes exploration operations of 2190 square kilometers covering 25 years at a cost of $ 100 million, funded by Russia. In case oil or gas is explored in commercial quantities, Moscow will recover expenditures from production.

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