Iran, Oman Sign Deal for Gas Export Studies

Iran, Oman Sign Deal for Gas Export Studies

National Iranian Gas Company signed a deal with Oman to conduct gas export studies on Monday, state media reported.
The contract was signed hours ahead of a meeting between Iranian and Omani oil ministers, Bijan Namdar Zanganeh and Mohammed al-Rumhi respectively, to explore expansion of oil and gas cooperation, ISNA reported.
Chief executive of the National Iranian Gas Export Company, Alireza Kameli, signed the deal with Director General of Planning and Projects Evaluation of Oman's Oil and Gas Ministry, Saif bin Hamad al-Salmani, IRNA reported.
Pars Consulting Engineers Group and the Iranian Offshore Engineering and Construction Company signed as contractors to carry out the studies. PCE has six months to carry out studies on the 200-kilometer pipeline from Rudan to Mount Mubarak in Oman, while IOECC was given five months to finish research on the seabed potion of the pipeline, also 200 kilometers long, that connects Mount Mubarak to the Omani port of Sohar.
Under this agreement which is estimated to be worth $60 billion, Iran will export 28 million cubic meters of gas per day to Oman for 15 years.

  Energy Cooperation
Iran and Oman have also recently discussed expanding cooperation in building dams and water supply infrastructure, an Energy Ministry executive said.
"Omani officials expressed their willingness for increasing cooperation with Iran," Bahram Nezam-ol-Molki was quoted as saying by IRNA.
"Iran and Oman have good diplomatic relations but economic cooperation is scant. We want to change that. Bilateral trade is less than $1 billion per annum."
Iranian companies have approved expansion of activities in Oman's water projects. They are experienced in establishing dams and irrigation networks, as the country has had to deal with water shortages for years.
Nezam-ol-Molki, who met with his Omani counterpart, said Iranian expertise in the field was demonstrated to the Omani delegation.
"As Oman also needs hydroelectric generation technology, Iranian companies will help Oman in their construction projects," he said.


Short URL : https://goo.gl/lR1NLT
  1. https://goo.gl/cCG4zM
  • https://goo.gl/eEvpZE
  • https://goo.gl/mmA9rq
  • https://goo.gl/pRdxEm
  • https://goo.gl/s7entT

You can also read ...

New projects at home come as Iranian firms aim to play a more active role in regional power projects.
In the face of tight state funding and financial pressure,...
Iran Petrochemical Revenues at  $5.5 Billion in Six Months
Iran exported $5.57 billion worth of petrochemical and polymer...
NIORDC Priorities Outlined
Rehabilitating dilapidated refineries, completing the Persian...
Renewed worries over US sanctions against Iran also drew attention in the market.
Oil markets jumped on Monday as Iraqi forces entered the oil...
Gazprom Neft Slams Oil Cuts   Agreement
Russian energy firm Gazprom Neft is chafing at a global deal...
OPEC Sees Healthy Crude Demand Growth to 2022
Oil demand will grow at a healthy pace over the next five...
Asian Buyers Turn to US in Hunt for Cheap Oil
Asia is set to ramp up crude oil imports from the United...