Zardari to Finalize Gas Pipeline Deal in Tehran

Source: www.gulfoilandgas.com 2/26/2013, Location: Asia

A foreign ministry official was quoted as saying that President Zardari will begin a two-day visit to Iran on Tuesday to finalisz the much-anticipated deal.

Under the agreement, Iran would offer a loan of $500 million to Pakistan for the construction of a gas pipeline on its side of the border, The Express Tribune daily reported.

The unnamed official disclosed that Washington was pushing hard to convince Islamabad to abandon the project.

“But we feel that the project is important for our future energy needs and we will pursue it at all costs,” he added.

The report appeared days after Iranian oil minister held talks in Islamabad with President Zardari and other senior officials on the pipeline, which is very significant for the energy-starved Pakistan.

The Pakistan foreign ministry spokesperson last week rejected reports of US pressure insisting that the Iran-Pakistan (I-P) gas pipeline project was “enormously important” for Pakistan.

“We are an energy deficient country. It is in our national interest to have this project,” Moazzam Ali Khan said.

Not only would President Zardari sign a deal on the I-P project, Iran will also set up an oil refinery in Gwadar, Balochistan, the report said.

And both of the formal agreements would be inked between leaders of the two countries during the president’s upcoming visit to Tehran.

The $4 billion refinery is slated to be constructed in the port city of Gwadar with an estimated capacity of about 400,000 barrels per day.

The proposed cooperation between Islamabad and Tehran is likely to invite more pressure from Washington, sources say.




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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 


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