“Iranian Oil Minister Javad Oji, during his visit to the Sultanate of Oman, agreed to revive the pipeline project to pump Iranian gas to Oman,” the Iranian News Agency (IRNA) reported.

She pointed out that “the huge gas project – one of the largest regional energy projects – has stalled for almost two decades,” noting that “the oil ministers of the time in Iran and the Sultanate of Oman made the original agreement in 2004, which stipulated that Iran would pump 30 million cubic meters of gas per day to Oman starting in 2008, and then increase the level of gas exports to 70 million cubic meters per day by 2012. The two countries also reached another agreement in 2013, according to which Iran is supposed to pump 28 million cubic meters of gas per day to Oman for 15 years through a pipeline laid under the Persian Gulf.

The agency indicated that “according to the agreement, Iran will earn more than one billion dollars a year. The Iranian oil minister and Omani officials also agreed to develop a joint oil and gas field,” noting that “the Hengam field is the only joint field between Iran and the Sultanate of Oman.”