Iran (IMNA) - According to Omani media, he stated, "The Iranians have made good achievements and have made good progress in finishing the pipeline project."
Reza Noshadi, the CEO of Iran Gas Engineering and Development Company, recently declared that work on the pipeline from Minab to Kuh Mubarak, which is close to the Iranian port of Jask, has started in Tehran. This pipeline would transport gas from Iran to Oman.
The decision to restart the project was made during a visit to Oman by the Iranian Oil Minister Javad Owji a year or so before the Iranian President Ebrahim Raeisi paid an official visit to the country in the Persian Gulf Arab state.
The two nations "seriously" addressed a number of project-related matters during Aufi's visit to Tehran last month, including the framework for Iran's gas shipments to Oman.
The project's restoration might potentially bring a combined LNG proposal back to life, while Oman is also planning to produce hydrogen that is derived from natural gas but employs carbon capture technology to reduce up to 90% of the resultant emissions.
According to Aufi, Oman's gas demands can be met for the next ten years, but imports from Iran will allow his nation to convert the imported gas to liquid gas or blue hydrogen and grow local businesses, or re-export it to India and the UAE.
Majid bin Abed al Kharusi, director of Omani economic research, stated that acquiring Iranian gas at a favourable price will assist decrease expenses and improve growth potential in the Arab country's economic and industrial sectors.
Furthermore, key initiatives benefit the region's security and stability, he noted.
Kharusi mentioned the recent diplomatic breakthrough between Iran and Saudi Arabia, stating that the normalization has strengthened ties between Tehran and Muscat.
"Muscat believes that political isolation serves no one party in the region's interests, but rather deepens conflicts and harms the interests of all parties." As a result, excellent political ties with Iran as a neighbor will have a favorable impact on a variety of economic and commercial issues," he noted.
In 2013, the two nations agreed to a $60 billion contract over 25 years for Iran to send gas to Oman via an underwater pipeline.
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