Iran, Oman to finalize gas export deal next month

Business Materials 21 July 2018 11:09 (UTC +04:00)

Tehran, Iran, July 21

By A. Shirazi - Trend:

The head of National Iranian Gas Exports Company (NIGEC) said Iran and Oman would sign an agreement next month whereby the Iranian gas will be exported to the Persian Gulf littoral state.

“We are in talks with Oman. National Iranian Oil Company and Oman’s Oil and Gas Ministry will sign a deal (over export of Iran’s gas to the Arab country) if the ongoing negotiations lead to the intended result,” Mehran Amir-Moeini told ISNA on July 21.

He added that the project would be put out to tender after the agreement is signed.

The official further said that the deal was expected to be inked in early July, but was delayed due to legal procedures.

Amir-Moeini expressed the hope the deal could be signed and finalized until next month.

The UAE and Kuwait are also among export destinations of Iranian gas, he noted.

Iran signed an agreement with Oman in 2013 to deliver 28 million cubic meters of gas per day to the Persian Gulf littoral state for 15 years. The two nations hope the gas flow will begin by 2020.