RSS Feed
March 1st, 2012 
FAKE NEWS for the Zionist agenda Irfan Qazi, a spokesman for Pakistan’s Ministry of Petroleum and Natural Resources, told Reuters on Wednesday that a Pakistani delegation would visit Iran in the mid-March to discuss the mode of payment for Iranian crude oil.
“Iran has offered to supply 80,000 barrels of crude oil per day on deferred payment to Pakistan,” the official said, adding that Tehran has also agreed to provide USD 250 million as credit to Pakistan for the gas pipeline project.
Energy-hungry Pakistan is looking to increase its fuel imports to reduce power shortages that have crippled the country’s industry, prompted riots and shaved percentage points off its GDP growth.
In addition to importing Iranian oil, Islamabad has been in talks with Tehran over construction of a gas pipeline which is to transfer Iran’s natural gas to Pakistan.
Washington has frequently indicated its resentment at Iran-Pakistan (IP) gas pipeline project, promising Islamabad that the US would provide cheaper gas to Pakistan if it changed its mind about the construction of the pipeline.
On February 17, Pakistani President Asif Ali Zardari said the country’s ties with Iran would not be “undermined” by international pressure and Islamabad is determined to go ahead with joint projects with Tehran, including the IP gas pipeline.
The multi-billion-dollar Iran-Pakistan gas pipeline aims to export a daily amount of 21.5 million cubic meters (or 8.7 billion cubic meters per year) of Iranian natural gas to Pakistan.
The maximum daily gas transfer capacity of the 56-inch pipeline which runs over 900 km from Asalouyeh in Bushehr Province to the city of Iranshahr in Sistan and Baluchestan Province has been estimated at 110 million cubic meters.
SS/AZ/HGH
Views: 0
Posted in 
Tags: 
