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Pakistan Rejects Pressure On Iran Gas Deal

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Iran offers Pakistan 80,000 bpd of crude oil, pipeline loan

Iran offers to supply Pakistan with 80,000 barrels per day of crude oil and USD 250 million in loan to help Islamabad build a gas pipeline which will take Iran’s natural gas to its western neighbor.

Irfan Qazi, a spokesman for Pakistan's Ministry of Petroleum and Natural Resources, told Reuters on Wednesday that a Pakistani delegation would visit Iran in the mid-March to discuss the mode of payment for Iranian crude oil.

"Iran has offered to supply 80,000 barrels of crude oil per day on deferred payment to Pakistan," the official said, adding that Tehran has also agreed to provide USD 250 million as credit to Pakistan for the gas pipeline project.

Energy-hungry Pakistan is looking to increase its fuel imports to reduce power shortages that have crippled the country’s industry, prompted riots and shaved percentage points off its GDP growth.

In addition to importing Iranian oil, Islamabad has been in talks with Tehran over construction of a gas pipeline which is to transfer Iran’s natural gas to Pakistan.

Washington has frequently indicated its resentment at Iran-Pakistan (IP) gas pipeline project, promising Islamabad that the US would provide cheaper gas to Pakistan if it changed its mind about the construction of the pipeline.

On February 17, Pakistani President Asif Ali Zardari said the country's ties with Iran would not be "undermined" by international pressure and Islamabad is determined to go ahead with joint projects with Tehran, including the IP gas pipeline.

The multi-billion-dollar Iran-Pakistan gas pipeline aims to export a daily amount of 21.5 million cubic meters (or 8.7 billion cubic meters per year) of Iranian natural gas to Pakistan.

The maximum daily gas transfer capacity of the 56-inch pipeline which runs over 900 km from Asalouyeh in Bushehr Province to the city of Iranshahr in Sistan and Baluchestan Province has been estimated at 110 million cubic meters.


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Has Pakistan finally grown a backbone, then?

Well, it is extremely in the interests of Pakistan to stand for its relations with Iran, especially in the sectors of energy and border security.

Now, most people in Pakistan realize that Pakistani governments, army and ISI were used and abused not only against other regional countries all these years, but also against Pakistan's national interests. In the last 6-7 years Pakistan lost a lot in the hands of the West.

The same way Brazil, Turkey and some other countries cannot meet American demands on Iran, the same way Pakistan can't do it either. The country needs to respond to its citizens demands, where one of the major one of them is the energy demand.

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German company awarded Iran-Pakistan gas pipeline contract


ISLAMABAD: Pakistan has issued tender for the laying of Iran-Pakistan (IP) gas pipeline in its territory to a German company, Secretary Petroleum said.

According to the Secretary Petroleum, Pakistan has offered $250 million to a German company ILF Engineering for laying of gas pipeline inside its territory.

The laying of gas pipeline would be completed till 2014, the secretary added.


It could have been much better if the contract was awarded to a Turkish, Pakistani or an Iranian company!

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