OMAN AND IRAN TO STUDY OIL FIELD DEVELOPMENT ON BOUNDARY IN STRAIT OF HORMUZ

Oman and Iran plan to set up a ministerial group to study the feasibility of development of Henjam-West Bukha oil and gas field in the Strait of Hormuz, straddling the border between the two states. Omani Minister of Petroleum and Mineral Resources Said bin Ahmad al-Shanfari and Iranian Oil Minister Gholamreza Aghazadeh agreed to form the joint committee during meetings in Tehran. Henjam was discovered by Sofiran, a subsidiary of Ste. Nationale Elf Aquitaine in 1976.

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