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Saturday, October 20, 2007 : 0330 Hrs


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  • International
    Pak., Iran talks on IPI enter final phase

    Islamabad, (PTI): Talks between Pakistan and Iran on technical details of a gas pipeline involving the two countries and India on Friday entered the "final phase" as most issues relating to the project have been been resolved.

    Tehran's Special Representative for the Iran-Pakistan-India (IPI) pipeline, Ghanimi Fard, 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.

    On-going negotiations between Iranian and Pakistani officials here on the $7 billion pipeline project have entered the "final phase" as most issues linked to it have been resolved, state-run APP news agency said without giving details.

    Fard 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 petro-chemical and oil and gas exploration projects.

    Fard said the IPI pipeline project would bring the member states closer.

    Pakistan and Iran are close to finalising a gas purchase agreement for the pipeline during the on-going talks here, media reports said.


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