Iran General NewsIran to sign deal soon to sell natural gas...

Iran to sign deal soon to sell natural gas to Pakistan


ImageReuters: Iran will sign a contract with Pakisan next week to sell natural gas to its eastern neighbour, a senior Iranian official was quoted as saying on Tuesday. ImageTEHRAN, March 2 (Reuters) – Iran will sign a contract with Pakisan next week to sell natural gas to its eastern neighbour, a senior Iranian official was quoted as saying on Tuesday.

The export contract would be part of a so-called "peace pipeline" project between Iran and Pakistan.

Last May, Iranian media said Iran and Pakistan had signed an agreement on gas exports, but gave no details on its content or make clear whether there were still issues outstanding.

Iran has the world's second-largest gas reserves after Russia. But sanctions by the West, politics and construction delays have slowed its development as an exporter.

Hojjatollah Ghanimifard, a senior official of the National Iranian Oil Company, told the semi-official Fars News Agency the contract would be signed on March 9-10, but did not say where it would take place.

This would pave the ground for undertaking "executive measures" concerning gas exports, Fars said, without giving details.

"It has been agreed that the relevant text on the execution of the defined measures within the peace pipeline project will be signed on March 9-10," Ghanimifard said.

Last year, the head of the National Iranian Gas Export Company (NIGEC), Reza Kasaeizadeh, said Iran would deliver an annual 8 billion cubic meters of natural gas to Pakistan under the agreement.

An Iranian Oil Ministry official had previously said he hoped gas deliveries would start five years after the contract was signed.

India had been part of the $7 billion pipeline project, but stayed away from talks in 2008, saying it wanted to agree transit costs through Pakistan on a bilateral basis first.

Under the original plan, the pipeline would initially carry 60 million cubic metres of gas daily to Pakistan and India, split between each country. Capacity would later rise to 150 million cubic metres. (Reporting by Hashem Kalantari and Hossein Jaseb; writing by Fredrik Dahl; Editing by Kim Coghill)

Latest news

Khamenei’s Disgraceful Campaign Against Piranshahr and Javanrud, Who Will Be the Loser?

On the 67th day of Iran’s revolution, the Iranian regime attempted to put a halt to the protests in...

Iran: Expensive Medicine, Cheap Human Life

A look at the equipment and weapons that the Iranian regime has been using against its people to suppress...

Who Is Abolqasem Salavati Iran Regime’s Killer Judge?

Last week, it was announced that the case of several people who were arrested during the Iranian People's uprising...

Iran Revolution Characteristics

More than two months have passed since the start of the latest round of protests in Iran against the...

Iran’s Regime Is Unable To Eradicate Protests

Totalitarian governments, whether be it a monarchy or a clerical regime, and their international supporters are pursuing the same...

Ten Percent of Iran’s Nation Is Ready To Sacrifice Itself for Freedom

According to estimates by the Iranian regime’s main opposition group, the People’s Mojahedin Organization of Iran (PMOI/MEK), more than...

Must read

Iranian Dissidents Mark Passing of Dissident Mehri Jannatpour

By Hamid Yazdan Panah On December 3rd 2015, Iranian...

Iran election: Reports show low turnout in provinces

Iran Focus: Tehran, Iran, Jun. 24 –The Imam Ali...

You might also likeRELATED
Recommended to you