ID :
194000
Sun, 07/10/2011 - 10:41
Auther :
Shortlink :
https://oananews.org//node/194000
The shortlink copeid
Tehran, Masqat to Ink Final Contract of Iran's Gas Exports to Oman This Year
TEHRAN (FNA)- Managing Director of the National Iranian Gas Company (NIGC) Javad Oji announced that Tehran and Masqat have signed the initial contract for the export of Iran's gas supplies to Oman but the final contract will be signed by the end of the current Iranian calendar year (March 20, 2012).
The official, who is also the deputy oil minister, said Iran's Seventh Gas Trunkline (IGAT-7) has been constructed up to Iranshahr city in the southeastern province of Sistan-Baluchestan, and that it will be extended to the city of Chabahar.
He added that the IGAT-7 would then go toward the Iran-Pakistan border, where another line will transfer the gas to Oman.
Earlier in 2009, Iran and Oman signed a deal to jointly develop an underwater 200-kilometer pipeline to Musandam and Sohar in Oman.
Iran, which sits on the world's second largest reserves of both oil and gas plans to invest $15.8 billion for the development of the untapped phases of the South Pars gas field, $4.5 billion for joint oil fields, $3.7 billion for domestic oil fields, and $6.5 billion for other domestic gas fields.
Iran also announced plans to invest around $40 billion in the oil and gas sector in the current year.
The Islamic Republic has the world's second-largest crude reserves after Saudi Arabia and the second-largest gas reserves after Russia.
The official, who is also the deputy oil minister, said Iran's Seventh Gas Trunkline (IGAT-7) has been constructed up to Iranshahr city in the southeastern province of Sistan-Baluchestan, and that it will be extended to the city of Chabahar.
He added that the IGAT-7 would then go toward the Iran-Pakistan border, where another line will transfer the gas to Oman.
Earlier in 2009, Iran and Oman signed a deal to jointly develop an underwater 200-kilometer pipeline to Musandam and Sohar in Oman.
Iran, which sits on the world's second largest reserves of both oil and gas plans to invest $15.8 billion for the development of the untapped phases of the South Pars gas field, $4.5 billion for joint oil fields, $3.7 billion for domestic oil fields, and $6.5 billion for other domestic gas fields.
Iran also announced plans to invest around $40 billion in the oil and gas sector in the current year.
The Islamic Republic has the world's second-largest crude reserves after Saudi Arabia and the second-largest gas reserves after Russia.
