Gulf Oil and Gas accountACCOUNT

Pakistan to Borrow $300 Million to Fund IP Gas Pipeline

Source: www.gulfoilandgas.com 8/17/2011, Location: Asia

Pakistan plans to borrow $300 million from local banks to build Pakistani side of the Iran-Pakistan gas pipeline that will carry natural gas from Iran, acting managing director of Inter State Gas System Ltd., Mobin Saulat said.

He went on to say that, Pakistani local state-owned companies would provide about $210 million for the construction of the Pakistani side of the pipeline, Iran's SHANA news agency reported.

"Pakistan may approach foreign companies including Gazprom, International Petroleum Investment Co. and China National Petroleum Corp. for the rest of the financing", he said.

Pakistan will construct a 700km-long pipeline from its border while Iran would build a 300km long stretch of the pipeline from Iranshahr to the Pakistani border.

It's worth mentioning that by endorsement of the contract between two countries (Iran and Pakistan) Iran is responsible for natural gas export to Pakistan from 2014 in amount of 21/5 million cubic meters daily, and 7/8 billion cubic meters annually.

Special Report

Pipe Lines Installations News in Iran >>

Indonesia >>  7/17/2019 - Mubadala Petroleum announces that it has signed an agreement with Premier Oil to farmout a 20 percent participating interest in each of the Andaman I...
Russia >>  7/15/2019 - Global drilling and engineering contractor KCA Deutag KCAD) is delighted to announce that its land drilling operation has won three new contracts in R...

Russia >>  7/9/2019 - From 16 July to 30 July 2019, Nord Stream AG will temporarily shut down both lines of its gas pipeline system for routine maintenance works. The maint...
Kazakhstan >>  7/5/2019 - The Kazakh Ministry of Energy, KazMunayGas (KMG) and Eni signed a protocol of direct negotiations to grant the subsoil use right for exploration and p...

Russia >>  7/3/2019 - On July 1, the Gazprom Group signed a five-year contract to purchase natural gas from Turkmengas (for the period through June 30, 2024). According to ...
India >>  7/2/2019 - McDermott International, Inc. has completed the first of two offshore campaigns for Reliance Industries Ltd. KG-D6 R-Cluster subsea field development,...

Related Categories: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 

Related Articles: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 |

Oil & Gas Projects in Iran >>

More News

Related Links

AZ BD BN CN GE HK ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.