Pakistan and Iran agree to cooperate in oil sector
Pakistan and Iran have agreed to cooperate more closely in the petroleum sector, reported the IRNA news agency. The statement was released following a meeting between the secretary of Iran's Supreme National Security Council, Hassan Rowhani, and Pakistan's Petroleum Minister, Usman Aminuddin.
One of the specific projects discussed during the meeting is a proposed Pakistani-Iranian oil refinery project in Pakistan's southern Balochistan province. According to Aminuddin, the refinery will not only benefit the two countries economically, but it also will strengthen the security along the border.
Aminuddin additionally informed the Iranian delegation about the presence of copper mines in Balochistan and invited Iranian investments in such projects.
Addressing the smuggling of petroleum, Rowhani proposed that common markets along the border of the two countries be established to control the problem.
Rowhani also expressed supported for an Indian-Pakistani oil pipeline, saying that such a project could bring Pakistan and India together and would enhance economic cooperation in the region. — (Albawaba-MEBG)
© 2001 Mena Report (www.menareport.com)