Managing director of the National Iranian Gas Company (NIGC), Javad Oji says Iran will start gas exports to Oman through a seabed gas pipeline following singing a contract that is going to be finalized up to the end of the current year (Iranian year ends 20th March 2012).
Talking to Shana reporter, Mr. Oji referred to failure of past negotiations with Omani side due to disagreement on price and technical aspects, adding bilateral negotiations had been resumed recently and fortunately two sides had reached good results.
NIOC and Sharjah-headquartered Crescent signed the 25-year gas contract in 2001, with a price linked to oil.
But as oil rallied some Iranian officials called for a revision to the price formula and blamed the price dispute for delivery delays. Delivery of gas from Iran was due to start in mid-2006.
In April, Iran's oil minister Massoud Mirkazemi said that the Islamic Republic was ready to supply gas to the emirate of Sharjah, but would not hold talks with Crescent.
Source: Iran Independent News Service
