Iran, Oman in Gas Talks

Salim bin Nasser Al Oufi, Undersecretary at Oman Ministry of Oil and Gas says that discussion is on for importing one trillion cubic feet of natural gas per day from Iran, which is equivalent to one third of the country’s present gas production.

Al Aufi said that the agreement is just a Memorandum of Understanding and a lot of work needs to be carried out, Iran’s SHANA news agency reported.

“We need to inspect the route, conduct a feasibility analysis, understand a lot of things in terms of the size of the pipeline, tapping point, landing point, and so on” Al Aufi added.

With the rapid expansion of power generation capacity, industries and refinery projects in the sultanate, the consumption of natural gas will increase by over ten percent annually from this year, according al Aufi, Undersecretary of the Ministry of Oil and Gas.