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Tehran-Muscat negotiations for Iranˈs gas export to Oman in progress

: Tuesday, August 19 - 2014 @ 00:32

Ali Majedi Iranˈs Deputy Oil Minister for International Affairs and Trade said that Persian Gulf (PG) statesˈ demand for Iranˈs natural gas is increasing. Talking to IRNA, he underlined that Tehran-Muscat negotiations for export of Iranˈs gas to Oman are in progress and the roadmap for finalizing the agreement has been already prepared. Kuwait, Abu Dhabi and Dubai need Iranˈs gas for desalination and of course, the volume of their gas demand is much less compared to other importers of Iranˈs gas including Iraq and Turkey, Majedi added. The official confirmed negotiations between Iranˈs Oil Ministry and Kuwait, Abu Dhabi and Dubai in this regard. Iran and Oman have signed a contract under which the Islamic Republic will supply the Persian Gulf state with 10 billion cubic meters of natural gas per year. The project is expected to come on stream within three years. The pipeline and related infrastructure, estimated at around $1bn, will be entirely funded by Oman.

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Tuesday, August 19- 2014 @ 0:32 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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