Iran’s Oil Minister Masoud Mir-Kazzemi announced that Iranian and Bahraini experts are in the final stage of talks over a deal to export Iran’s gas to Bahrain.
Bahrain and Iran are in the final stages of talks over a deal to export Iran’s gas to Bahrain according to Iran’s Oil Minister Masoud Mir-Kazzemi.
Mir-Kazzemi said that the two sides had reached overall agreement on the deal but that the details would be ironed out by future delegations after the Eid ul-Fitr holiday.
Bahrain believes that agreements already signed with the Islamic Republic of Iran mainly in energy sector are of strategic nature and Bahrain is determined to implement them, Bahrain’s Oil and Gas Minister Abdul-Hussain Bin Ali Mirza said on the sidelines of a meeting with his Iranian counterpart.
Meantime, Iran’s Deputy Oil Minister Javad Oji said on Saturday that Iranian and Bahraini officials had met in Tehran to discuss measures for the establishment of a joint commission to increase cooperation in the natural gas sector.
“If [a deal is] finalised, a new natural gas pipeline will be built under the Persian Gulf waters; the pipeline is expected to transfer one billion cubic feet of Iran’s gas to Bahrain,” Oji, who also heads the National Iranian Gas Export Company, said.
A joint working group has been set up to facilitate the signing of the major gas deal between the two regional states.
