Iran and Oman have renewed the general framework of an agreement signed in 2013 to export natural gas to Oman through a pipeline from under the Arabian Gulf seabed.

The agreement was signed in the presence of Petroleum Minister Bijan Zangeneh and Omani Minister of Oil and Gas Mohammad bin Hamad Al Rumhi, reported Irna.

Representatives from companies like French Total, Shell (Dutch-British), South Korean Cogs, German Uniper and Japanese Mitsui were present and offered their proposals for possible participation in the project.

A part of the gas will be consumed in Oman and the rest of it turned to liquefied natural gas (LNG) for export to target markets.

The pipeline should pass deep waters of the Oman Sea, so it will increase both cost and execution time, the report said.

Iranian companies have construction and installation technology to build pipeline in shallow waters of the sea, but they do not have experience in installing pipeline under deep waters, according to the report.