Iran, Oman to deliberate on pipeline project in Tehran
Oman A memorandum of understanding was signed last month during a visit of Iranian President, Hassan Rouhani to Muscat, under which Iran will supply Oman with 10 bcm of natural gas per year for 25 years, a deal pegged at around $60 billion.
The 260-kilometre subsea pipeline will stretch from Iran’s Hormozgan Province to Oman’s Sohar port on the other side of the Persian Gulf. It is expected to come on stream within three years.
Last Monday, Oman’s oil and gas minister Mohammed Al Rumhy was quoted as saying that the two countries were yet to agree on the exact route of the pipeline.
“The first part is to agree on the route. Once we agree on the route we will move onto the second phase, which is the design of the pipeline itself,” he said.
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