Page 7 - DMEA Week 10 2023
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DMEA                                    POLICY & SECURITY                                             DMEA


       Oman and Iran sign




       cross-sector MoU




                         IRAN and Oman’s energy ministers met in Teh-  considering the existing capacity in the country.”
        OMAN             ran this weekend and announced the signing  He added.
                         of a memorandum of understanding (MoU)   The Iranian side noted that as negotiations
                         covering joint development across oil, gas and  became more serious, further details on the two
                         petrochemicals. Following the meeting, Oman’s  countries’ co-operation would be revealed. Iran’s
                         Minister of Energy and Minerals Salim al-Aufi   First Vice President Mohammad Mokhber also
                         and Iranian Minister of Petroleum Javad Owji  said regarding the deal that “despite the impor-
                         said the deal included product and petrochem-  tant and strategic approach of the officials of the
                         ical exports as well as transfer of technical  two countries for the development of the bilat-
                         and engineering know-how between the two  eral trade relations, there is still a long way to
                         countries.                           reach the desired point, and we must achieve the
                           Owji added: “Signing this MoU between  desired goals by removing the obstacles ahead.”
                         the national oil companies of the two countries   Owji had previously engaged in intensive
                         today was in continuation of the previous nego-  meetings with Omani officials in Muscat in May
                         tiations between the two sides.”     last year, after which the parties agreed to form
                            “Today, they signed a memorandum of  a technical committee to develop the Hengam
                         co-operation in the continuation of the negoti-  oilfield, which the two countries share in the
                         ations in the upstream and downstream sectors  Persian Gulf. The minister said at the time that
                         of the oil industry …With the finalisation of  integrated development of the field would save
                         the negotiations between the two countries, we  its reservoir from damage, ensuring production
                         will see an increase in the export of petrochem-  would stay safe and that Iran and Oman would
                         ical products and oil products to this country,  benefit from it equally.™




















































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