Oman and Iran plan to complete the development of the Kish gas field in the Gulf by 2012 with the sultanate footing the bill of up to $12 billion, an Omani energy ministry official said.

"Oman is going to wholly fund the Kish gas field and we expect to sign an agreement at the end of 2008 so the plant can start producing gas for Oman by 2012," an oil and gas ministry project official, who declined to be named, told Reuters.

Full Story...

Posted by boyang at September 12, 2008 11:33 AM