Oman Seeks 2B Cubic Feet of Gas from Iran As Sultan Visits

Oman Concessions
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DUBAI (Zawya Dow Jones), Aug. 4, 2009

Sunni Muslim ruled Arab state Oman asked Iran Tuesday for 2 billion cubic feet of natural gas to meet its domestic needs, Iran's Mehr news agency reports Tuesday, citing National Iranian Gas Export Company's managing director.

"The Omani delegation declared their dire need to import 200 billion cubic feet of Iranian gas," Mehr quotes the Iranian gas official saying.

Oman's ruler Sultan Qaboos bin Said is on a three-day visit to Iran, his first since taking power in the 1970s, to cement economic and political ties between the two countries that control access to the Persian Gulf's Strait of Hormuz.

The sultanate needs to import gas as its own stocks are dwindling and aren't enough to meet demand from domestic power plants and the country's commitment to exporting the fuel in the form of liquefied natural gas.

The gas talks between the two countries tackled the development of Kish gas field in the Persian Gulf, the official said, according to Mehr.

The two country's straddle the narrow Hormuz channel through which almost 17 million barrels a day of crude are shipped. Iran has previously explored the option of exporting gas to Oman via an undersea pipeline.

Copyright (c) 2009 Dow Jones & Company, Inc.




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