Iran-Oman Gas Pipeline Feasibility Study by Mid-August

TEHRAN, Feb. 24 (Shana) – Managing Director of the National Iranian Gas Company (NIGC) Alireza Kameli said that the feasibility study on construction of Iran-Oman gas pipeline will be completed by mid-August.

“Study on the land section started two months ago and the seabed section which is delegated to the Iranian Offshore Engineering and Construction Company (IOEC) will be finished by mid-August,” he told Shana on Wednesday.

He said that report of the land section study will be out earlier than the one on the seabed section.

Referring to the recent meeting between Iranian Petroleum Minister Bijan Zangeneh and visiting Omani Foreign Minister Yusuf bin Alawai, Kameli said it was agreed that the best and most economical route will be studied and selected.

“Negotiations on the details of the project will start as soon as the study is carried out,” said the NIGC chief.

Iran has undertaken to pump 28 million cubic meters of gas per day to Oman and it is likely that about 25 to 30 percent will be allocated to LNG.

The pipeline will carry 1 billion cubic feet or 28 million cubic meters a day at the annual volume of 10 billion cubic meters which will be constructed jointly between the two countries.