Pakistan, Iran likely to conclude $7b IPI gas pipeline deal in July: Khaleej Times Online

By Muzaffar Rizvi
30 June 2008

DUBAI — Iran will host a trilateral meeting in Teheran next month to finalise the proposed multi-billion dollar Iran-Pakistan-India gas pipeline project.

"Iran would soon invite the Petroleum Ministers of India and Pakistan to conclude a deal on $7 billion gas pipeline project in July," a top Pakistani official told Khaleej Times yesterday.

In a recent series of meeting, Pakistan's Minister for Finance and Economic Affairs Syed Naveed Qamar met Iran's Minister for Petroleum Gholam Hossein Nozari on Saturday and discussed the proposed pipeline project.

The ministers also exchanged views to further boost cooperation in petroleum sector of the two countries.

Naveed Qamar was in Teheran to head a high level delegation to attend the 17th session of Pak-Iran Joint Economic Commission, which concluded yesterday.

The two sides already agreed that the experts had covered all aspects of the project and that Gas Sales and Purchase Agreement (GSPA) between Iran and Pakistan was now finalised and that it was time to move ahead.

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