The Minister of Energy and Minerals of the Sultanate of Oman, Muhammad bin Hamad Al-Ramahi, confirmed that “Muscat and Tehran are seeking to develop the Hengam oil field in concession area No. 8, located in Musandam province on the maritime border between the Sultanate of Oman and the Islamic Republic of Iran,” noting that “The two countries have agreed to develop the deposit on the condition that there is a common development path in the interests of both parties by extracting more of it and reducing damage to the deposit. “, – says IRNA.
The Minister of Energy of Oman commented on the memorandums of understanding signed by the Sultanate with the Iranian side, saying that “they concern the development of two gas pipeline projects linking the two countries and the Hengam oil field, and were signed after the Iranian side sought to benefit from the gas pipeline while re-exporting and selecting the best alternatives for gas consumption and meeting the needs of large projects”, noting that “the two parties have agreed to form a technical group to review the pipeline project”, since “the pipeline, which was signed in 2013 and is 400 km long, is expected to be pump about 28 million cubic meters of gas over 15 years from Iran to the Sultanate of Oman.
Source: El Iktisad
