TEHRAN, Iran, May 24. Iran and Oman have agreed to expand energy ties in joint development of shared Hengam joint oilfield, export of tech services and petrochemical products, Trend reports citing IRNA.
Iranian Minister of Petroleum Javad Owji has reached an agreement during his meeting with Oman Minister of Energy and Mines and negotiation with the Foreign Minister.
Joint development of the shared Hengam Joint Oilfield is an important part of the agreement to reduce production costs and maximum oil and gas output for both countries.
The second part of the agreement includes the export of technical and engineering services from Iran to oil upstream and downstream sectors.
The two sides have also agreed to participate in trading petrochemical and oil products trade and expand it in the region.