Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
700km pipeline from Gawadar to Iran: Pakistan to complete project in 2 phases
12-10-2014, 11:05 PM
Post: #1
700km pipeline from Gawadar to Iran: Pakistan to complete project in 2 phases
ISLAMABAD: Despite international sanctions on Tehran, Pakistan has agreed to complete Iran-Pakistan Gas Pipeline Project on time but in two phases.
Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi, at the sidelines of the 19th session of the Pakistan-Iran Joint Economic Commission (JEC), said that Pakistan could not complete project on time due to curbs on Iran (over its controversial nuclear programme).
Abbasi informed Iranian Minister for Economic Affairs and Finance Ali Taieb Nia that despite Pakistan’s best efforts banks, international contractors and equipment suppliers were not ready to be involved in this project. The minister was accompanied, among others, by the governor-general of Sistan and the Ambassador of Iran to Pakistan.
“We are now planning to complete this project in two steps. First, we are installing LNG terminal at Gawadar Port and secondly, a 42-inch pipeline of 700km length will be laid from Gawadar to Nawabshah for onward transmission of gas to the northern parts of the country,” Abbasi said.
The minister informed the visiting delegation that Pakistan is in talks with Chinese companies for construction of this pipeline and the 70km portion of the pipeline from Gawadar to Iran border will be completed by Pakistani companies. He hoped that this project will start in the near future. There is hardly any trade in oil between Pakistan and Iran, the minister said, adding Pakistan wanted to increase trade substantially after the sanction issue was closed.
Ali Taieb Nia has said that Iran has already completed its part of the gas project and hoped Pakistan will fulfil its commitment to complete its part of the project. He expressed his desire the Iranian gas should flow into Pakistan soon so that Pakistan may be able to overcome its energy shortfall.
Pakistan and Iran have also signed five memorandums of understanding (MoUs), under the observation of Prime Minister Nawaz Sharif, to boost cooperation in the field of investment, economic and technical assistance, small and medium enterprises, ports and handicraft
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  DHA Lahore Phase 7: Comparison with Other Phases | Current Prices & Investment Potent LRE-Azan 0 282 08-08-2023 04:48 PM
Last Post: LRE-Azan
  Recommended Phases of DHA Lahore for Investment in Current Market | Detailed Analysis LRE-Azan 0 529 12-31-2022 05:41 PM
Last Post: LRE-Azan
  All DHA Societies/Phases, Bahria Town, Lake City Blockwise Rates Latest Plot Prices U LRE-Azan 0 936 11-15-2021 08:33 PM
Last Post: LRE-Azan
  All DHA Societies/Phases, Bahria Town, Lake City Blockwise Rates Latest Plot Prices U LRE-Azan 0 1,001 10-30-2021 08:05 PM
Last Post: LRE-Azan
  LDA City Lahore To Be Developed In Phases First 9000 Plots to Be Given LRE-Azan 0 1,692 01-03-2019 01:34 PM
Last Post: LRE-Azan
  China’s firm conditions force Pakistan to drop PoK dam project in CPEC LRE-Azan 0 2,400 11-16-2017 03:45 PM
Last Post: LRE-Azan
  1,735 kilometers TAPI Gas Pipeline LRE-Azan 0 2,077 11-15-2017 03:25 PM
Last Post: LRE-Azan
  LRR SL to be complete by the end of November Commissioner Lahore LRE-Azan 0 2,803 11-04-2017 05:34 PM
Last Post: LRE-Azan
  Green Palms Gawadar Booking Detail By LRE 04 Oct 2017 Salman 0 1,923 10-04-2017 01:54 PM
Last Post: Salman
  Green Palms Gawadar Booking Detail By LRE 03 Oct 2017 Salman 0 1,997 10-03-2017 02:49 PM
Last Post: Salman
  Green Palms Gawadar Booking Detail By LRE 02 Oct 2017 Salman 0 1,932 10-02-2017 02:18 PM
Last Post: Salman
  Green Palms Gawadar Booking Detail By LRE 29 Sept 2017 Salman 0 1,955 09-29-2017 03:51 PM
Last Post: Salman
  Green Palms Gawadar Booking Detail By LRE 28 Sept 2017 Salman 0 1,816 09-28-2017 04:24 PM
Last Post: Salman
  Green Palms Gawadar Booking Detail By LRE 26 Sept 2017 Salman 0 1,856 09-26-2017 03:06 PM
Last Post: Salman
  Green Palms Gawadar Booking Detail By LRE 20 Sept 2017 Salman 0 1,784 09-20-2017 03:28 PM
Last Post: Salman
  Gawadar Green Palms Salman 0 2,221 04-05-2017 03:18 PM
Last Post: Salman
  Govt finally allocates Rs25b for Gwadar LNG pipeline Salman 0 2,200 02-24-2017 12:01 PM
Last Post: Salman
  China set to initiate construction work on LNG pipeline Salman 0 2,349 01-04-2017 05:21 PM
Last Post: Salman
  Green Palms Housing Project Gawadar Booking Detail Salman 0 2,818 11-23-2016 05:02 PM
Last Post: Salman
  RDA to complete major roadwork soon Salman 0 2,415 05-12-2016 05:59 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 1 Guest(s)