Iran, Oman Discuss Progress of Joint Gas Pipeline Project

TEHRAN (Tasnim) – Iranian Oil Minister Bijan Namdar Zanganeh and two visiting Omani ministers held talks on a range of issues, including ways to accelerate the construction of a pipeline for exporting natural gas from the Islamic Republic to the Arabian Peninsula country.

Iran, Oman Discuss Progress of Joint Gas Pipeline Project

In a meeting in Tehran on Sunday, Namdar Zanganeh exchanged views with his Omani counterpart Mohammed bin Hamad Al Rumhy and Foreign Minister Yusuf bin Alawi  about the development of bilateral relations in various economic areas, including oil and gas industries.

The two sides emphasized the need for accelerating the construction of a pipeline for transferring Iran's gas to Oman.

It was announced in November last year that Iranian contractors had started conducting preliminary studies on the construction of the pipeline.

The studies on the project have been divided in two parts, offshore and onshore studies.

The Iranian Offshore Engineering and Construction Company (IOEC) has been tasked with conducting studies on the offshore section of the pipeline.

The studies on the onshore section of the pipeline have been undertaken by Pars Consulting Engineers Co.

According to a previously signed agreement to finalize the construction of the pipeline, Iran will export 28 million cubic meters of gas per day to Oman for 15 years. Based on the current gas price, the deal is worth $60 billion.

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