Iran and Oman have agreed to form a committee to jointly develop the Hengam oilfield, which straddles both countries' sea border, Iran's semi-official Fars news agency reported its oil minister Javad Owji as saying on Monday. In 2005, both countries signed a memorandum of understanding to jointly develop the Hengam oil field but the agreement did not materialise and Iran decided to develop the field independently in 2012. "As the first basis of my talks with Omani Oil Minister Mohammed bin Hamad Al-Rumhi, it was agreed to form a joint technical committee to develop the next phases of the Hengam oil field in a seamless manner between Iran and Oman," Owji said. "Joint
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