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Iran, Oman to jointly develop oil field

Iran's president is in Muscat seeking increased cooperation with Oman on energy and transportation.
ATTA KENARE/AFP via Getty Images

Iran and Oman agreed today to jointly develop an oil field in the Persian Gulf. 

Iranian Oil Minister Javad Owji made the agreement with his Omani counterparts on the “integrated development” of the field. The two countries also agreed to exchange petrochemical products and related technical and engineering expertise, the official Islamic Republic News Agency reported. 

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