Thursday, 24 October 2013

Pakistan wants Iran to finance gas pipeline

Pakistan has asked Iran for $2 billion to finance the construction of its side of a controversial gas pipeline that has drawn the threat of US sanctions, according to Pakistani Petroleum Minister Shahid Khaqan Abbasi on 8 October.
The Iranian side of the $7.5 billion project is almost complete, but Pakistan has run into repeated problems paying for the 780 km section to be built on its side of the border. Abbasi told AFP that preparatory work was complete but that Iranian money was needed for the construction work.
'All these issues will be discussed in a meeting we have requested, but so far there is no reply from the Iranian side,' Abbasi said.
For more news and expert analysis about Iran, please see Iran Strategic Focus.
© 2013 Menas Associates

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