Iran restarts talks with Oman on Kish gas development

25 November 2009

Financing issues delay project by one year

Iran has reopened talks to export gas to Oman through the joint development of the republic’s Kish gas field.

Talks resumed in Tehran on 24 November between government officials from the two countries on development of the Kish gas field, according to Iran’s state-run energy news agency Shana.

In April 2008, Tehran signed an agreement with an unnamed Omani company for the development of the Kish field, but financing problems delayed the planned joint venture by a year.

In May 2009, Iran said that if talks with an international partner fail, domestic contractors will carry out the development plan for the Kish field.

The state-run National Iranian Oil Company forecasts production of 3.5 billion cubic feet a day from the field.

About 75 per cent of the field’s 45 trillion cubic feet of gas reserves are recoverable.

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