Young Journalists Club | Latest news of Iran and world

News ID: 3692
Asia » Asia
Publish Date: 13:46 - 13 March 2014
Tehran, YJC. Oil minister says Iran is considering gas retail market.

Iran’s Minister of Oil Bijan Zanganeh who is in Oman accompanying President Rouhani said that Iran has signed a deal to export gas to the country.

He stated "The volume in this contract is 10 billion m3 per year. The entire pipeline in land and sea sections and the conveyance facilities are 100 percent funded by Oman. The refund will be taken out of the gas revenue.”

Zanganeh further added "According to the contract, a joint company will be launched with equal Iranian-Omani shares which will adopt marketing, strategic operation, and maintenance as principal missions.”

He pointed out that the gas so exported can be either used by Oman or exported to neighbor countries as decided through marketing operations carried out by the company.

The Oil Minister added that the project is expected to turn operational within 3 years.

Zanganeh further stated that the pipeline to be so constructed will stretch 350 km, including 200 km in-sea and 150 km offshore pipes.

He added "The gas that is to be exported to Oman will be taken from the South Pars gas field and will be taken as an off-shoot from the pipeline that stretches to Iranshahr and from there leads to Pakistan.”

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