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Article: Oman secures Iranian gas supplies by agreeing to develop field.
- Article from:
- The Oil Daily
- Article date:
- April 24, 2008
- Author:
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Oman has secured at least 1 billion cubic feet per day (10.4 billion cubic meters per year) of Iranian gas by signing up to develop the Kish gas field in southern Iran. It is undertaking to develop the field under a buyback deal with a still-to-be identified Asian strategic partner, sweetened by a 25-year gas supply arrangement, Omani sources told Oil Daily in Muscat this week.
Oman first proposed in late 2006 that it participate in developing Iranian gas reserves and building a pipeline connecting Iranian gas fields to Oman. The offer was first revealed to Oil Daily by Omani Oil Minister Mohammed al-Rumhi last year.
Under the framework deal signed in ...