ID :
197073
Mon, 07/25/2011 - 15:29
Auther :
Shortlink :
https://oananews.org//node/197073
The shortlink copeid
Iran Ups Exports to Oman by 40%
TEHRAN (FNA)- Iran has boosted exports of different commodities to Oman by over 40% during the last two years (March 21,2009 to March 20, 2011), an Iranian diplomat announced on Monday.
"According to a report by the Trade Promotion Organization of Iran, exports of goods from Iran to Oman in the last two years has shown a 40% growth, which indicates an increase in Iran's trade balance in recent years," Iranian Ambassador to Masqat Hossein Noushabadi said.
Noushabadi also underlined that both countries are determined to further expand their cooperation, and said that Tehran and Masqat have decided to finalize an agreement to export Iran's gas to Oman by the end of the current Iranian year (ending March 19).
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.
"According to a report by the Trade Promotion Organization of Iran, exports of goods from Iran to Oman in the last two years has shown a 40% growth, which indicates an increase in Iran's trade balance in recent years," Iranian Ambassador to Masqat Hossein Noushabadi said.
Noushabadi also underlined that both countries are determined to further expand their cooperation, and said that Tehran and Masqat have decided to finalize an agreement to export Iran's gas to Oman by the end of the current Iranian year (ending March 19).
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.
