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Iran oil minister to discuss gas export plan in Oman

Iran's oil minister will travel to Muscat this week to discuss plans to export Iranian gas to Oman from where it could be exported using an Omani liquefied natural gas (LNG) plant.

  • Reuters
  • Published: 23:47 August 30, 2008
  • Gulf News

Tehran: Iran's oil minister will travel to Muscat this week to discuss plans to export Iranian gas to Oman from where it could be exported using an Omani liquefied natural gas (LNG) plant.

Iran has the world's second biggest reserves but has been slow to develop gas exports and has no LNG facilities, which supercool gas so it can be exported by ship.

Oil Minister Gholamhossein Nozari's discussions would cover Omani investment in Iran's Kish gas field in the Gulf and the export of Iranian gas to that country and Iran's partnership in the Omani LNG industry, the ISNA news agency reported. It said he would travel before the end of this week but did not give a precise date.

Mahmoud Zirakchianzadeh, managing director of National Iranian Offshore Oil Company, said the two countries were in negotiations on the export of one billion cubic feet of Iranian gas per day to Oman, ISNA reported.

Reserves

Iran has 85b barrels

Iran has more than 85 billion barrels of recoverable heavy oil, an official said, suggesting about 60 per cent of its reserves are of that category.

Mohammad Ali Emadi, director of research and development at the National Iranian Oil Company, did not give a total crude reserve figure in his comments on Friday to the Oil Ministry news website Shana.

- Reuters

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