Business

Iran agrees to supply gas to Oman in-between Pakistan’s delay

KARACHI: Oman and Iran has signed an agreement under which Tehran will supply natural gas to Muscat over the next 25-year, ARY News reported.

The Iran-Pakistan gas pipeline, which was approved during the PPP’s regime in the year 2013, has been halt citing international sanctions. In-between Oman and Iran have sealed a $60 billion agreement for the supply of natural gas. $1 billion will be the cost for laying gas pipeline.

According to sources, the agreement was reached during the visit of Iranian President Hassan Rouhani to Muscat in March 2014. Around 50 per cent of the gas to be exported to Oman, will be transported onwards to Japan, South Korea and India.

Iran is also looking Turkey’s assistance to lay a pipeline to supply gas to European countries, revealed Iranian gas sector analysts.

On the other the Iran-Pakistan gas pipeline facing delay because of US sanctions over the project. However, Prime Minister Nawaz Sharif during his visit to Iran in May this, expressed willingness for the completion of the pipeline asking to extend the completion date by one year.

But, later the Iranian Deputy Oil Minister for International and Trade Affairs Ali Majedi said that deadline to complete Iran-Pakistan gas pipeline is still December 2014, as no agreement for its extension was signed during Nawaz Sharif’s visit.

Comments

comments

Copyright © 2016 ARYNEWS.tv

To Top