IRAN/OMAN

 

Iran, Oman Edge Closer To Gas Supply Deal 

 

Iran and Oman this week signed an agreement that will see the Islamic Republic export 10 billion cubic meters/year (970mn cfd) of natural gas in a deal previously valued by the Iranians at $60bn. This comes at a crucial time for the sultanate of Oman, which like its Arab Gulf neighbors, is facing an ever-widening gas feedstock shortage owing to rampant domestic demand.

The deal, struck during Iranian President...