Bahrain close to sealing Iran gas deal
Iran: Deal would necessitate gas pipeline through Persian Gulf.
Bahrain is close to sealing a deal to import gas from Iran, according to Iranian Oil Minister Masoud Mir-Kazzemi.
Mir-Kazzemi said the deal would be finalized after negotiations between gas experts from the two countries, the Iranian FARS news agency reported.
He added that the two sides had reached an overall agreement on the deal and details remained to be agreed upon by future delegations after Eid Al-Fitr.
According to the news agency, Iran's Deputy Oil Minister Javad Oji said on Saturday that Iranian and Bahraini officials had met in Tehran to discuss the establishment of a joint commission to increase cooperation in the natural gas sector.
"If [a deal is] finalized, 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," said Ojai, who also heads the National Iranian Gas Export Company.
The news agency added that a joint working group has been set up to facilitate the signing of the deal.