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CEO of operator Al Hosn Gas says output to be increased by 50% to 1.5bcf per day by 2021

Massive discovery found on offshore concession in Tanzania

Senior Iranian Oil Ministry officials want to supply gas from Iran’s Salman gas field to Crescent Petroleum instead of paying the fine

From its seven single-well platforms Hasbah will provide up to 1.3bn standard cubic feet per day of gas

Of the total expenditure, $8.2bn was for oil sector, while the remaining $3.2bn investment was for developing the natural gas fields

The 10,000 cubic metres cargo marks the first foreign sale of a gas product by the OPEC nation

First gas from the Khazzan field is expected in late 2017 and production will eventually result in an increase of around 40% to Oman’s natural gas supply

Sources told Reuters that the project would be completed in August 2019 and would cost anywhere between $500mn to as much as $1bn

The pipeline will be conducted in three phases to cover the Iran-the Strait of Hormuz section, the strait section and the Oman-LNG terminal section