Iran and Syria signed on Tuesday a memorandum of understanding under which Iran will build a power plant in Syria’s coastal city of Latakia in a project worth US$475 million (411 million euro), Iran’s Islamic Republic News Agency (IRNA) reported today. The project will be launched next year, IRNA reported, in what could be another energy cooperation agreement between Iran and Syria. In the complex Syrian conflict, Iran has been providing military support to the government of Syrian President Bashar al-Assad and now, according to experts on Iran who spoke to Reuters , Iran may be looking to get economic and financial benefits from its support. The deal on Tuesday was signed by Mahmoud Ramadan, the head of the Syrian public authority for electricity generation, and Abbas Aliabadi, the managing director of Iran’s infrastructure conglomerate MAPNA Group, on the sidelines of a meeting in Tehran between the energy ministers […]