28 Mar 2024
Tuesday 27 September 2016 - 13:45
Story Code : 232860

Veep: Iran-Oman gas pipeline project to be finalized

Veep: Iran-Oman gas pipeline project to be finalized
 

TEHRAN, Sept 27 (Shana) The First Vice-President Eshaq Jahangiri said on Monday that the project to lay down Iran-Oman gas pipelines will be finalized.

Jahangiri made the remark in a meeting with Omani Minister of Industry and Trade Ali Bin Masoud Al-Sanidi.

He said fortunately, the project follows final stages, so impediments on the way should soon be lifted and the project is implemented.

He added that Iranian and Omani leaders are firmly determined to upgrade ties.

Oman enjoys many capacities in various domains which can turn it into an important trade partner in the region and Tehran is ready to have necessary cooperation with Muscat in that domain, he added.

Iran and Oman recently reached agreement to change the route and design of a planned undersea natural gas pipeline which will take natural gas from the Islamic Republic to the sultanate through the Persian Gulf.

Omans Minister of Oil and Gas Mohammed bin Hamad al-Rumhy said recently that the change was necessary to make sure the pipeline avoids waters controlled by the United Arab Emirates.

Rumhy was quoted by Reuters as saying that Iran and Oman had agreed on a deeper option that originally envisaged for the pipeline.

Instead of the shallower option at around 300 meters (985 feet) deep, the pipeline is to plunge close to 1,000 meters below the seas surface. And it will be slightly shorter, he said.

Omani and UAE officials have discussed the project but it is not clear if the UAE has given its blessing to the project or has objected to a route that would pass through its waters, Reuters added.

Iran will export 28 million cubic meters of gas to Oman per day via a subsea pipeline within 15 years, according to the agreement signed between Tehran and Muscat in 2013.

In September 2015, after bilateral negotiations in Tehran it was announced that the project will be operational by late 2017.

Almost a third of the gas exported by Iran to Oman will be turned into liquefied natural gas (LNG) in the sultanates Qalhat plant, and the rest will be consumed domestically. Iran will accordingly use the LNG produced at Qalhat plant for exports to European and Asian markets.

By SHANA

 
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