6 May 2007 - 09:54
  • News Code: 103906
Iran, Oman Discuss Gas Pipeline

Oman is in talks with Iran, the holder of the world’s second-largest natural-gas reserves, about building a pipeline that will carry Iranian gas across the Persian Gulf to the sultanate, the Omani oil minister said.

 “We’re negotiating the various aspects of the project, the technical side, who owns what, the role of the governments and companies of both Oman and Iran,” Mohammed bin Hamed al-Rumhy said on Wednesday in Riyadh, where he was attending a meeting of Asian energy ministers.


Expanding gas supply is a priority for Oman, the largest Arab oil producer that’s not a member of OPEC. Its own reserves aren’t growing fast enough to meet the planned development of industries like petrochemicals and power generation that depend on the fuel. Oman will start getting gas in early 2008 from a pipeline across the UAE from Qatar.




News Code 103906

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