Home News Iran resumes project to build an underwater gas pipeline to Oman

Iran resumes project to build an underwater gas pipeline to Oman

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Iran has some of the world’s largest gas reserves, followed by Oman, in hopes of supplying energy-consuming industries and liquefied natural gas (LNG) export plants.

IRNA wrote that the relaunch agreement was agreed during a trip to Oman by Iranian Oil Minister Javad Owji ahead of the official visit to the Gulf Arab state by Iranian President Ebrahim Raisi on Monday.

In 2013, the two countries signed an agreement, valued at $ 60 billion, over a 25-year period for Iran to supply gas to Oman through a submarine pipeline.

In 2016, the two countries renewed their efforts to implement the project, and Iran said in 2017 that it had agreed with Oman to change the planned pipeline route to avoid waters controlled by the United Arab Emirates.

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The project was later postponed due to price disagreements and US pressure on Oman to find other suppliers, before the United States withdrew from the 2015 nuclear deal between world powers and Iran and re-imposed sanctions in 2018.

Tehran and Washington have been holding indirect talks in Vienna over the past year to resume the nuclear deal that led to the lifting of sanctions, but negotiations have stalled.

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