Iran, Oman sign MoU on oil production
Iran and Oman signed a memorandum of understanding (MoU) for cooperation in upstream and downstream oil production.
After meeting with Oman’s Minister of Energy and Minerals Salim bin Nasser Al Aufi, Iranian Oil Minister Javad Owji announced on Saturday that an agreement was signed between the national oil companies of the two countries, Mehr News Agency reported.
The agreement, he said, is the result of previous negotiations on the development of oil and gas fields, investment in the field of petrochemicals, and the export of petroleum and petrochemical products.
“With the finalization of the negotiations between the two countries, we will see an increase in the export of petrochemical and oil products to that country, considering the existing capacity in the country,” he pointed out.
The Iranian minister said that as the talks become more serious in the coming months, more details of oil and gas cooperation with Oman will be publicized.
The Iranian oil minister added that the incumbent Iranian government gives a special focus to the all-around development of Iran’s relations with its neighbors, especially Oman.
“Efforts are being made to increase cooperation, especially in the field of oil and gas.”
During his trip to Muscat last spring, Owji held intensive meetings with the Omani ministers of foreign affairs and energy.
In Muscat, the two nations reached an agreement regarding the export of technical-engineering services in the field of oil, gas, and petrochemical industries as well as the formation of a joint technical working group for the development of Hengam gas field and the trade and export of petrochemicals and petroleum products.