• 45 mins Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 2 hours Energy Regulators Look To Guard Grid From Cyberattacks
  • 3 hours Mexico Says OPEC Has Not Approached It For Deal Extension
  • 5 hours New Video Game Targets Oil Infrastructure
  • 6 hours Shell Restarts Bonny Light Exports
  • 8 hours Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 14 hours Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 19 hours British Utility Companies Brace For Major Reforms
  • 23 hours Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 1 day Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 1 day Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 1 day OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 1 day London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 1 day Rosneft Signs $400M Deal With Kurdistan
  • 1 day Kinder Morgan Warns About Trans Mountain Delays
  • 2 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 2 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 2 days Russia, Saudis Team Up To Boost Fracking Tech
  • 2 days Conflicting News Spurs Doubt On Aramco IPO
  • 2 days Exxon Starts Production At New Refinery In Texas
  • 2 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 3 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 3 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 3 days China To Take 5% Of Rosneft’s Output In New Deal
  • 3 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 3 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 3 days VW Fails To Secure Critical Commodity For EVs
  • 3 days Enbridge Pipeline Expansion Finally Approved
  • 3 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 3 days OPEC Oil Deal Compliance Falls To 86%
  • 4 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 4 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 4 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 4 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 4 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 4 days Aramco Says No Plans To Shelve IPO
  • 7 days Trump Passes Iran Nuclear Deal Back to Congress
  • 7 days Texas Shutters More Coal-Fired Plants
  • 7 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 7 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
The Natural Gas Market Is Set To Boom

The Natural Gas Market Is Set To Boom

With the new lower-for-longer oil…

Finally: A Way To Invest In Blockchain

Finally: A Way To Invest In Blockchain

Cryptocurrencies and the blockchain are…

Iranian-Omani Pipeline Could Change Persian Gulf Political Dynamic

Iranian-Omani Pipeline Could Change Persian Gulf Political Dynamic

A projected major Iranian-Omani project has the potential to change the political dynamic of the Persian Gulf.

While since 1979 the Arab states on the western side of the Persian Gulf have watched events in Iran after the establishment of the Islamic Republic with alarm, fearing that it could spread unrest amongst its own Shiite populations. Oman is now considering a project across the historic Straits of Hormuz to construct an undersea natural gas pipeline to transmit Iranian energy westwards.

According to Iran's Deputy Oil Minister Javad Oji, Iran and Oman have signed an initial contract covering the general terms of the natural gas transit arrangements, with the final contract to be signed by the end of the current Iranian calendar year in March, 2012, according to the official website of the Iranian Oil Ministry.

Oji, who is also the managing director of the National Iranian Gas Company (NIGC), said that Iran's IGAT-7 Seventh Gas Trunkline has been extended up to Iranshahr city in Sistan-Baluchestan province and will be extended to Chabahar, from where it would then go towards the Iran-Pakistan border, where another line will transfer the gas to Oman.

The project builds upon a 2009 agreement under which Iran and Oman signed a deal to jointly develop an underwater 120-mile pipeline from Iran to Musandam and Sohar in Oman.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News