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Asim Aquil
Joined: 19 May 2006
Posts: 10
Location: Dubai
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| Posted: Sun May 21, 2006 10:20 am Post subject: Pakistan, Iran discuss project of gas pipeline |
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http://news.xinhuanet.com/english/2006-05/21/content_4580309.htm
Quote:
ISLAMABAD, May 21 (Xinhua) -- Pakistani and Iranian experts on Sunday concluded their first round of talks on the multi-billion-dollar gas pipeline in Islamabad and discussed its "technical, financial and legal aspects", officials said.
"The meeting also considered the issues of gas sales and purchase pricing, project structuring and feasibility study of the project," according to a statement issued by Pakistan Petroleum Ministry.
Iranian Deputy Oil Minister Muhammad Hadi Nejad Hosseinian and Pakistan Secretary Petroleum Ahmed Waqar led their delegations respectively at the eighth meeting of the Iran-Pakistan bilateral working group.
A two-day trilateral working group meeting of the Iran-Pakistan-India gas pipeline project will be held on Monday, the statement said.
It is the second expert level meeting in less than a month to review progress on the project to involve 7.1 billion U.S. dollars.
The two sides met in the last week of April in Islamabad and discussed technical and financial issues, focusing on the finalization of pricing formula.
Pakistan sent a draft gas pricing formula to Iran based on its domestic gas pricing mechanism and the two sides discussed the formula in the talks on Sunday.
If the project be implemented, the 2,670-km-pipeline will have 1,115 km in Iran, 705 km in Pakistan and 850 km in India, the statement said, adding that despite extensive discussions on the project, the United States has not given up its opposition to the project.
But Pakistani Prime Minister Shaukat Aziz said on Saturday that Pakistan would go ahead with the gas pipeline project and that the project was likely to be finalized this year.
Iran's oil is tied into the entire region and these are regions with high economic growth rates and not many sources for power generation. Pakistan and India being the prime examples. They need Iran's oil desperately which can be supplied for cheap through the land based oil pipelines.
Sooner or later America will have to come to terms with that. By attacking Iran, they're basically hurting everyone in the region. |
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to_frankie
Joined: 26 Mar 2006
Posts: 350
Location: via Chennai, India
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| Posted: Tue May 30, 2006 8:45 pm Post subject: |
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| Yes I will be watching to see what India's response will be. |
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Voodooengine
Joined: 02 May 2006
Posts: 6
Location: Miami, FL
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| Posted: Mon Jun 12, 2006 10:42 pm Post subject: |
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Or china, o wait Pakistan and China are always together.
Meh china will outbid India, god knows they all need the gas more. |
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