Iran to Start Gas Exports to Oman within Next 2 Years
- August, 28, 2013 - 10:28
- Economy news
TEHRAN (Tasnim) – Iran plans to start gas exports to Oman by the next two years, Iranian oil minister said after the two sides signed an agreement on energy cooperation during Omani Sultan’s visit to Tehran this week.
Under an agreement signed on Monday between Iran and Oman, gas export to the Arab neighboring country will start in less than two years, Bijan Namdar Zanganeh stated.
Speaking to Shana on Tuesday, Zanganeh said gas contracts are mainly signed for a 25 year period adding total value of the exports will hit $60 bln considering today natural gas prices.
Zanganeh and his Omani counterpart Mohammed bin Hamad Al Rumhy signed an agreement on gas export from Iran to the neighboring country as part of an Omani high ranking delegation visit to Iran headed by Oman ruler Sultan Qaboos.
The Iranian minister added that construction of the planned pipeline, its length and the various possible routes will be studied very quickly and pipe laying operations will start soon after a final decision made on the final route.
He said that the gas transfer deal with Oman was the largest economic agreement between the two countries so far.