Arabian Sea oil and gas developments

IRN reports: many developments are taking place these days in the Arabian Sea countries with agreements signed or discussed on various oil and gas projects creating major investment options.

Oman and Iran are in discussions regarding an underwater gas pipeline deal; Russia and Pakistan recently finalised a US$2 billion LNG pipeline deal; India is in discussions with Iran for oil deals for E&P projects as well as exports; a block with proven gas reserves in the Mannar Basin in Sri Lanka just became available; while China obtained 40 year management rights in Pakistan’s Gwadar port opening up a route for transporting Middle East oil through a 3000 km long land route.

These examples highlight the various investment opportunities of the Arabian Sea region, where many more exist and are open to international interest. The Arabian Sea Region Oil & Gas Summit, will gather the international and national oil and gas industry to discuss and address the options both on countrywide and regional level.

The Summit will be held on 26 - 27 May in the 5* InterContinental Hotel Muscat, Oman with the official support and endorsement of the Minister of Oil and Gas of the Sultanate of Oman focusing on the oil and gas business in Oman, India, Iran, Pakistan, Somalia, Yemen and Sri Lanka.

General Managers, Chairmen, Presidents and Executive Directors from the regional oil players and VP Business Development as well as Country Managers and Heads of Exploration from international oil majors have already confirmed their presence in the speaker line-up.

The Petroleum Federation of India, the Middle East Association and the International Gas Association – CEDIGAZ act as supporters of the Summit. Solarlite, the company that provides environmentally friendly solution to operators of mature fields, is a gold sponsor of the Summit.

More information about the Summit can be found here and about the organisers, IRN, here.

Edited from source by Elizabeth Corner

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