You'll be signed off in 60 seconds due to inactivity

English news

08-Feb-2017

Iran, Oman change gas export pipeline route to avoid UAE

Oman and Iran have agreed to change the route of a planned undersea gas export pipeline, to avoid waters controlled by the United Arab Emirates, Iran's oil minister said on Tuesday after meeting his Omani counterpart in Tehran. The planned pipeline would connect Iran's vast gas reserves with Omani consumers as well as with liquefied natural gas (LNG) plants in Oman that could re-export the gas. In 2013 the two countries signed an agreement to supply gas to Oman through the new pipeline in a deal valued at USD60bn over 25 years. After international sanctions on Tehran were lifted in January 2016 the two countries renewed efforts to implement the project but it has also been delayed by disagreements over price and U.S. pressure on Muscat to find other suppliers. (Arabian Business) 

Learn more about the cookies we use.