May 9, 2016

Top officials from Iran and Oman recently discussed options to form a company which will be registered in Oman with the sole responsibility of market natural gas to other parts of the world, a report said.

During the meeting, the officials also discussed ways implement the pipeline project via which Iran will export 28 million cu m of gas to Oman, reported Oman Observer.

“Oman and Iran will cooperate on the issue of oil prices,” Dr Mohammed bin Hamad al Rumhy, Oman’s Minister of Oil and Gas was quoted as saying in the report.

He added that his visit to Tehran was aimed at discussing issues hindering the implementation of the gas pipeline project.

Bijan Zanganeh, Iran’s Oil Minister, said that South Korea has pledged to finance the project and purchase the gas.

Source: http://tradearabia.com/news/OGN_306481.html

About Track Persia

Track PersiaTrack Persia is a Platform run by dedicated analysts who spend much of their time researching the Middle East, in due process we fall upon many indications of growing expansionary ambitions on the part of Iran in the MENA region and the wider Islamic world. These ambitions commonly increase tensions and undermine stability.