Iran and Pakistan ready to do business
“Ready to extend full cooperation to Pakistan,” Hojjatolah Ghanimifard, secretary of the National Iranian Oil Company, told IRNA. Pakistan’s decision to purchase oil from Iran comes amidst discussions over the construction of a liquefied gas pipeline between Iran and India via Pakistan.
Pakistan’s Foreign Minister, Abdul Sattar, in an interview with IRNA, said that regardless of India’s intentions or the outcome of the pipeline feasibility study, which will be completed within six months, that Pakistan was ready and willing to begin bilateral trade negotiations.
The length of the pipeline from southern Iran to Sindh Province in Pakistan would be 1600-km. A second stage of the pipeline would then be extended 1000-knm into India. Costs of the project are still not known.
Another possibility is to build a pipeline along the bed of the Indian Ocean directly from Iran to India, thus bypassing Pakistan. However, this would not vouch well with Pakistani officials hoping to earn revenues off the transfer payments. This was proposed by a Russian oil and gas firm. – (Albawaba-MEBG)