Heat a heavy based pot, add olive oil then fry onion, carrot, celery, garlic and basil until softened, pour over the red wine and reduce by half.
Pour in the tomatoes and water, add the salt and pepper, soy sauce and balsamic. Bring to a vigorous boil then turn down to a simmer for one hour.
Once your sauce has reduced by about a third, blend until smooth.
Serve over pasta, use as a pizza sauce, you can even turn it into a soup.
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