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FINANCIAL NEWS
Oman in talks with UAE for gas pipeline authorization
16 Jun 2016
(MENAFN) Oman’s government said it seeks UAE rights to get authorization for the passage of Iran-Oman gas pipeline over its territorial.
“We hope that Muscat will receive the authorization from Abu Dhabi in the near future,” a director of National Iranian Gas Exports Company said.
“The pipeline will be laid within two years following feasibility studies and the signing of the contract”, he added.
The project, which includes laying of the underwater pipeline, is expected to cost USD1.5 billion, according to local reports.
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