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OMAN INTERESTED IN IRAN'S KISH GAS FIELD, PROPOSES US$2 BLN PLAN.
TEHRAN, Dec 3 Asia Pulse - Oman proposed a US$2 billion investment plan to develop the Kish gas field announced Mahmoud Zirakchian, managing director of Iranian Offshore Oil Company.
Mr Zirakchian said that the preliminary proposal has been received and following expert studies, Iran will make its final decision by next month, IRIB reported.
The official noted that the proposal includes the establishment of a joint company to undertake investment and gas exports to Oman.
He said that once Iran's decision is finalized, a contract will be signed to export about one billion cubic feet of gas per day to Oman via a 500-km pipeline.
Meanwhile, Mr Zirakchian further disclosed that Iran and Bahrain will form a working group by the end of December to study gas export to Bahrain.
He said that the memorandum of understanding to the effect was signed ...
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Source: HighBeam Research, OMAN INTERESTED IN IRAN'S KISH GAS FIELD, PROPOSES US$2 BLN PLAN.