DUBAI – Iran’s oil minister has agreed to revive a long-standing assignment to place an underwater pipeline to send fuel to Oman, Iran’s IRNA reported on Saturday.
Iran sits in one of the world’s fuel reserves, which Oman is tracking as it hopes to strain energy-intensive industries and liquefied herbal fuel (LNG) export plants.
IRNA said the agreement to reactivate the mission was reached on a holiday in Oman through Iranian Oil Minister Javad Owji, before an official stopover in the Arabian Gulf state through Iranian President Ebrahim Raisi on Monday.
In 2013, the two countries signed an agreement, valued at $60 billion over 25 years, for Iran to supply fuel to Oman through an underwater pipeline. In 2016, the two countries renewed their efforts to enforce the project, and Iran said in 2017 that it had agreed with Oman to replace the direction of the planned pipeline into UAE-controlled waters.
Then the task was delayed due to value disagreements and U. S. pressure. U. S. Department of State over Oman to find other suppliers before the U. S. UU. se withdraw from a 2015 nuclear deal between global powers and Iran and reimpose sanctions in 2018.
Tehran and Washington have had indirect talks in Vienna over the past year to revive the nuclear deal that led to the lifting of sanctions, negotiations have stalled.
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