Arab Today, arab today pakistan eyes russia for iran gas project
Last Updated : GMT 15:18:37
Arab Today, arab today
Arab Today, arab today

Pakistan eyes Russia for Iran gas project

Arab Today, arab today

Arab Today, arab today Pakistan eyes Russia for Iran gas project

Islamabad - Arabstoday

Pakistan said on Thursday it would seek Russian funding for a multi-billion dollar gas pipeline from Iran amid Chinese reluctance to invest in the project over fears it could be hit by sanctions. The quest for alternative sources of funds began when the Industrial and Commercial Bank of China (ICBC) failed to sign a consortium to finance Pakistan’s $1.5 billion share of the project. “Pakistan’s technical delegation will visit Moscow early next month to have discussions on this subject,” said foreign ministry spokesman Abdul Basit at a press briefing. The Pakistan team would hold talks with Russian gas giant Gazprom and other companies and officials, Mr Basit said. A petroleum ministry official confirmed that Russia was a possible source of funding, given that there had been no formal response from the ICBC as yet. The US wants Islamabad to abandon the project because of sanctions against Iran over its nuclear programme, but Pakistan has insisted it is vital in helping to overcome a debilitating energy crisis. Islamabad and Tehran signed a deal in 2010 according to which Iran will supply natural gas to Pakistan from 2014, with sales to reach 750 million cubic feet to one billion cubic feet per day by mid-2015. Speaking about ties with the US, Mr Basit said that parliamentary guidelines being formulated would be followed on issues involving Nato supplies and drone strikes. “Pakistan looks forward to normalisation of relations with the US after the completion of parliamentary process of review of foreign policy,” he said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistan eyes russia for iran gas project Arab Today, arab today pakistan eyes russia for iran gas project

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistan eyes russia for iran gas project Arab Today, arab today pakistan eyes russia for iran gas project

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday