Arab Today, arab today pakistaniran pipeline \not possible due to us sanctions\
Last Updated : GMT 14:47:46
Arab Today, arab today
Arab Today, arab today

Pakistan-Iran pipeline \'not possible due to US sanctions\'

Arab Today, arab today

Arab Today, arab today Pakistan-Iran pipeline \'not possible due to US sanctions\'

Islamabad - AFP

Pakistan on Tuesday said that work on a pipeline to import gas from Iran cannot proceed because of sanctions imposed by the United Sates and the European Union on Tehran. The Iranian side of the $7.5-billion project is almost complete, but Pakistan has run into repeated problems paying for the 780 kilometre (485 mile) section to be built on its side of the border. Last year, Pakistan asked Iran for $2 billion in financing to build its side of the controversial gas pipeline. Iran has the second largest gas reserves in the world but has been strangled by a Western embargo that has seen its crude exports halved in the past year. US officials have previously warned that the Iran-Pakistan pipeline project risks triggering sanctions aimed at Iran. Pakistani petroleum minister Shahid Khaqan Abbasi told AFP on Tuesday that work on the pipeline could not go ahead because it falls under sanctions imposed by the US and EU. "The work on the Pakistan-Iran gas pipeline project is not possible because of the sanctions imposed by the US and EU," Abbasi said. "This project is affected by the sanctions imposed." Iranian Oil Minister Bijan Zanganeh said that his country was ready to go ahead with the pipeline agreement. "Iran is committed to this gas agreement but until Pakistan has not officially relayed its stance, we cannot react and make a decision," he was quoted as saying Tuesday by the Mehr news agency. In October, Zanganeh said he had "no hope" for the project, citing financial problems. The long-delayed pipeline that would link the two neighbours was planned to ease Pakistan's chronic gas shortages. Iran currently produces around 600 million cubic metres of gas per day, almost all of which is consumed domestically due to lack of exports. Its only foreign client is Turkey, which buys about 30 million cubic metres of gas per day. The Karachi stock exchange took fright when the countries' then-presidents Mahmoud Ahmadinejad and Asif Ali Zardari inaugurated a much-delayed section of pipeline in March last year. Spooked by fears of US sanctions, the main index slumped almost 2.5 percent. Gas supply in Pakistan is a major problem, particularly in winter when consumers often have to rely on liquid petroleum gas (LPG) cylinders. Many Pakistanis have converted their cars to run on compressed natural gas (CNG) as a cheaper alternative to petrol and diesel.

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 pakistaniran pipeline \not possible due to us sanctions\ Arab Today, arab today pakistaniran pipeline \not possible due to us sanctions\

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Nermein Al Fekki films “Foxes in the Valley”

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
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