Iran, Oman to Build Underwater Gas Pipeline

Iran and Oman signed an agreement on Wednesday to build a submarine gas pipeline across the Persian Gulf and Gulf of Oman at cost of about $1 billion. Iran will export 10 billion cubic meters of gas per year to Oman through the pipeline. The accord was signed during President Rouhani’s visit to Muscat. (IRNA, 13 March)

Iranian Oil Minister Bijan Zanganeh told reporters in Muscat that no price has been agreed yet for the gas, which will come from Iran's giant North Pars field.

The pipeline will be 260 km (162 mile) long, which will link Iran’s Asaluyeh on Persian Gulf to Oman's Suhar port on Gulf of Oman, and is expected to come on line within three years. Oman will finance the entire cost of pipeline. Iran will pay its share through revenues generated form the sale of natural gas.

File photo: The map shows the location of Omani port of Suhar on Gulf of Oman. (FBOI/Wikipedia)