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Pak requests Iran to finance its share of IP gas pipeline project

Islamabad , Wed, 09 Oct 2013 ANI

Islamabad, Oct. 9 (ANI): Pakistan has requested Iran to finance them two billion dollars to build its part of the controversial gas pipeline.

Petroleum minister Shahid Khaqan Abbasi said the preparatory work for the Iran-Pakistan (IP) gas pipeline project was complete, but it ran into repeated problems to pay for the 780 kilometre section to be built on their side of the border, the Dawn News reports.

According to the report, the Iranian side of the 7.5-billion dollars project is almost complete.

This is said to be the latest setback to the long-delayed section of the pipeline, which is expected to ease Pakistan's chronic gas shortages, the report added.

U.S. officials warned that the project would risk triggering sanctions against Iran. (ANI)


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