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News > Iran rejects claim of new agreements with Pakistan on IP gas pipeline


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Iran rejects claim of new agreements with Pakistan on IP gas pipeline

Iran rejects claim of new agreements with Pakistan on IP gas pipeline

On December 27, the Financial Times quoted Pakistani Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbassi as saying that Pakistan has convinced Iran to step back from demanding $200 million a month from January 1 to compensate for Islamabad’s failure to begin receiving gas from Iran’s South Pars gas field.
 
Pakistani minister said: “We have a new understanding with Iran. There will be no penalty applicable from January 1.”
 
A statement released by the Iranian Oil Ministry’s Public Relations Department said although Iranian and Pakistani officials have negotiated on the IP project, they have not still come to an agreement in this regard.
 
Iran and Pakistan signed an agreement over the construction of the gas pipeline in 1995. 
 
Iran has already built its 900-kilometer share of the pipeline on its own soil and is waiting for the 700-kilometer Pakistani side of the pipeline to be built. 
 
Pakistan had invited bids but no company participated in it. Iran committed two tranches of $250 million each to lay Pakistan's portion of the pipeline but later it declined to provide financing, saying it was ready to provide gas but would not provide funds for Pakistani portion of the project.
 
http://www.tehrantimes.com
shana.ir
 


17:50 - 31/12/2014    /    Number : 321180    /    Show Count : 69



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