Joint committee to monitor pipeline construction
Tehran and Muscat meet to discuss Iran-Oman pipeline
Tehran and Muscat have established a joint committee to monitor the progress of the Iran-Oman pipeline construction project, undersecretary of Oman's oil and gas ministry, Nasser bin Khamis Al Jashmi, said on 9 Dec, the IRNA News Agency has reported.
"The panel has met several times, mainly to discuss the route of the pipeline," he said.
"The pipeline would have the capacity to transfer one or 2bn cubic feet of gas. Now the panel is discussing the timeframe. However, it is still at an early stage," Al Jashmi explained.
Al Jashmi made the remarks at the Gas Arabia Summit in Muscat.
Iranian Ambassador to Muscat Ali Akbar Sibevieh said the Iran-Oman gas pipeline will be completed in 18 months, the TASNIM News Agency reported.
"Once the construction operation of the pipeline is finished, Tehran will start exporting gas to Oman," he said.
"Muscat will export half of the received gas to Japan, South Korea, and India," Sibvieh said.
"The agreement on the gas pipeline dates back 10 years when negotiations over the pipeline started, but the two countries could not finalise it. The main reason was lack of agreement on the price of the gas that was supposed to be exported," Sibevieh said, the Times of Oman reported.
Reuters reported on 27 Aug 27 that Iran signed a memorandum of understanding (MoU) to export gas to Oman from 2015, in a 25-year deal valued at around $60 billion (38 billion pounds).