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2016-06-13 20:25:00

IRAN - PAKISTAN GAS PIPELINE

IRAN - PAKISTAN GAS PIPELINE

 

IRAN PAKISTAN GAS PIPELINE

 

Accopding to NATURAL GAS ASIA, the Iran-Pakistan (IP) gas pipeline will be complete by 2018.

Pakistani oil minister Mr. Shahid Khaqan Abbasi told this to reporters after attending an event in Islamabad.

The pipeline project has been stuck for years now because of sanctions on Iran. Pakistan has not been able to build the pipeline on its soil due to lack of funding. Iran has already built 900 km length of the pipeline on its territory while Pakistan still has to start work on the pipeline that would traverse its territory.

About 250 million cubic feet gas would be imported from Iran during first year, while in the second year the import of gas would be enhanced to 500 million cubic feet while in the third year 750 million cubic feet gas would be imported.

Iran and Pakistan have discussed the project on many occasions since sanctions on Iran were lifted earlier this year. Islamabad has repeatedly said that it is committed to finishing the project but not much has happened on the ground as raising money for the project still remains a problem.

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Earlier: 

СОТРУДНИЧЕСТВО РОССИИ И ПАКИСТАНА 

PAKISTAN & RUSSIA GAS PIPELINE 

IRAN – PAKISTAN: CHINA,S PIPELINE 

CHINA & PAKISTAN INVESTMENTS 

PAKISTAN & CHINA DEAL: $35 BLN

 

 

Tags: IRAN, PAKISTAN, GAS, PIPELINE

Chronicle:

IRAN - PAKISTAN GAS PIPELINE
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

IRAN - PAKISTAN GAS PIPELINE
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

IRAN - PAKISTAN GAS PIPELINE
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

IRAN - PAKISTAN GAS PIPELINE
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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