AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

KARACHI: Iran and Pakistan are looking at ways to complete a long-delayed gas pipeline project between the two countries, Iran’s Consul General to Pakistan, Hassan Nourian, said on Monday. “We see political determination from Pakistan to complete the project,” he told media persons at Karachi Press Club on Monday.

The countries signed an agreement to construct the pipeline from Iran’s South Fars gas field to Balochistan and Sindh provinces in 2010, but work on Pakistan’s portion has been held up due to fears of US sanctions.

The 1,900 kilometre (1,180 mile) pipeline was meant to supply 750 million to one billion cubic feet per day of natural gas for 25 years to meet Pakistan’s rising energy needs. Nourian on Monday said the pipeline did not come under international restrictions, and that the two countries were discussing the issue. He did not answer a question about the potential for Iran to take legal action against Pakistan if it did not complete its side of the pipeline this year . —Reuters

IP gas line project: MoFA asks PD to move forward

APP adds: Iranian Consul General (CG), Hassan Nourian lauding the foolproof security efforts of Pakistan during the Iranian President’s visit, said that Iran and Pakistan were committed and fighting tooth and nail to complete the Iran-Pakistan gas pipeline project. He said that Iran wanted to help resolve energy crises of Pakistan and ready to assist in its development.

The Consul General said that Iran was self-sufficient in crude oil and other resources and wanted to meet the needs of the region.

He said that Pakistan-Iran gas pipeline project started in 2009 as Iran-Pakistan-Indian gas pipeline project but owing to a few reasons India pulled herself out of the project. Later, Iran-Pakistan gas pipeline came into existence and commenced work on the project in 2012.

The time period of the project was extended to ten years, which was expected to be completed in 2024 and could not meet its deadline, he said adding that the political leadership of Pakistan had tendency to complete the project.

The Consul General said that he was living in the metropolis and was well aware of people’s problems living without basic facility of gas in their homes for cooking and other purposes.

He said, ‘I have always had a constructive and friendly relationship with various Pakistani media and the media persons had also played a positive role in strengthening of friendship between the two countries.’

The Consul General said that Iran and Pakistan had always stood with each other in sweet and bitter times and both had behave like one soul in the two bodies.

He said that in the latest development in the bilateral relations between Iran and Pakistan, we witnessed the official visit of the President of Iran to Pakistan and his visit to the three major cities of Islamabad, Lahore and Karachi.

He said that both the countries vowed to boost bilateral trade to $10 billion a year.

Copyright Business Recorder, 2024

Comments

Comments are closed.

Cool boy May 07, 2024 09:41am
Useless project. Pakistan can generate more than 4000 from local coal by converting already made thermal power plants instead of buying gas from Iran.
thumb_up Recommended (0)