Azerbaijan, Baku Aug. 27 / Trend, N. Umid
Iran and Oman have signed a memorandum to export Iranian gas to Oman, Iranian Oil Minister Bijan Namdar Zanganeh told IRNA, adding this 25-year long deal should bring $60 billion in revenues for Iran based on current gas prices.
He said that according to signed memorandum, Iran's gas export to Oman would start in two years.
Zanganeh signed the memorandum with his Omani counterpart Mohammed bin Hamad Al Rumhy on August 27 in Tehran.
The two sides agreed to expedite the gas export process and establish a seabed gas pipeline in the Persian Gulf.
The two countries signed a deal in 2009 to jointly develop an underwater 200-kilometre gas pipeline to Musandam and Sohar in Oman.
In 2011, a National Iranian Gas Export Company (NIGEC) official said that Iran had reached agreements with India and Oman on exporting gas to the two countries.
One possible way to transfer Iranian gas to India is via Oman through subsea pipelines, the official said.
Based on a trilateral agreement among Iran, Oman and a third country, Iran's gas will feed Oman's liquefaction plant before being processed into various products in the third country.
Iran planned to commission the phases 12, 15, 16, 17 and 18 of South Pars until 2014, adding 170 to 180 mcmpd of gas to the country's all gas production.
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