Oman had said earlier this year that it was postponing by at least one year its plan to finance the project in the Persian Gulf, with Iran announcing that it would pro­ceed with the scheme anyway.

Iran said an agreement was planned with China National Petroleum Corporation to 
develop the field.

Oman signed a memorandum of understanding in 2008 to 
effectively finance the development of the estimated 50 trillion cubic feet of gas at Kish in 
exchange for some of the 
eventual 3 billion cubic feet per day output being piped to the Qalhat facility, which is underused because of a shortage of gas.

The