Tuesday 27 August 2013

Iran in Oman talks to export $60 bn worth of gas - FRANCE 24

Iran in Oman talks to export $60 bn worth of gas - FRANCE 24:

"The Gulf sultanate of Oman is in talks to buy Iranian gas in a 25-year deal worth around $60 billion, Iranian Oil Minister Bijan Namdar Zanganeh said on Tuesday.

Zanganeh said Iran and Oman had "signed a memorandum of understanding for the construction of a gas pipeline" under the Sea of Oman, on the east of the strategic Strait of Hormuz, the official IRNA news agency reported.

The construction would "soon" commence once "research on different routes" is completed, he said while hailing the agreement as "the largest economic deal" between Iran and Oman, which enjoys good ties with Tehran unlike other Gulf countries."

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