Iran-Pakistan talks on IP pipeline enter final phase

Oct 20, 2007 02:00 AM

Talks between Iran and Pakistan on technical details of a gas pipeline involving the two countries and India entered the "final phase" as most issues relating to the project have been resolved.
Tehran's Special Representative for the Iran-Pakistan-India (IPI) pipeline, Dr Hojatollah Ghanimifard, called on Pakistan Petroleum Minister, Amanullah Khan Jadoon, and expressed satisfaction at progress on the project and said its early implementation would strengthen and expand economic and trade relations in the region.

Ongoing negotiations between Iranian and Pakistani officials in Islamabad on the $ 7 bn pipeline project have entered the "final phase" as most issues linked to it have been resolved.
Ghanimifard and Jadoon discussed measures to promote cooperation in the oil and gas sector between the two countries. Jadoon said such cooperation would open new vistas for the mutual advantage for both sides. He invited Iranian companies to avail of investment opportunities to set up oil refineries as well as petrochemical and oil and gas exploration projects.

Ghanimifard said the IPI pipeline project would bring the member states closer.
Pakistan and Iran are close to finalizing a gas purchase agreement for the pipeline during the ongoing talks in Islamabad.

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