Skip to main content

Iran-Pakistan gas pipeline project

Iranian President Mahmoud Ahmadinejad and his Pakistani counterpart Asif Ali Zardari are set to officially inaugurate the Iran-Pakistan gas pipeline project on Monday, Press TV reported Sunday.

According to earlier reports, the 7.5-billion-U.S.-dollar project will be inaugurated by the two presidents at a ceremony to be held at the Iranian border city of Chahbahar.

Iran has constructed 900 km of the 1,600-km pipeline on its soil, said Press TV, adding that both Iranian and Pakistani firms will undertake the construction of the remaining part in Pakistan.

When the project is completed, Iran will export 21.5 million cubic meters of natural gas to Pakistan on a daily basis.

Despite strong opposition by the United States and possible sanctions, Zardari said last week that his energy-starved country would pursue the gas pipeline project and would persuade the critics that Pakistan needs energy.

Pakistan and Iran have held a series of talks on the project for nearly two decades, but it was finalized during the recent visit to Tehran by Zardari.

Pakistani media has also reported that Tehran had agreed to provide a 500-million-dollar loan to partially finance the construction of the pipeline on the Pakistan side, which will cost 1.5 billion dollars. Pakistan will shoulder the remaining cost from its own resources.

Comments

Post a Comment

Popular posts from this blog

Buried Treasures in Bohol Philippines

Written by Joe Espiritu       Four persons died in a treasure hunting accident last week. They died for nothing. Many had lost their shirts in the venture, the propensity for Filipinos to get rich quick attribute to the treasure hunting mania. The sad part is that only the ignorant venture on the search, those in the know, being sure that nothing will come out of the effort would not think of investing money, time and effort – this time lives – in a fruitless enterprise.        There had been stories of people getting rich uncovering treasure troves in unlikely places. Most stories are false. Ancient graves of archeological and anthropological value had been desecrated by treasure hunters. They had found nothing. Those people may have struck it rich but not from some hidden riches. Contrary to what other people say, there are no buried treasures in Bohol . If there had been, they were unearthed years ago.         If one ...
Post a Comment
Read more

Panglao Island Environmental Problems

By Romy Teruel One environmental and tourism issue that will keep on cropping up unless decisive actions are done is the issue of easement along beaches as prescribed by the Water Code of the Philippines.  This has cropped up before and now it is here again.    The conference that Gov. Erico B. Aumentado held with the hotel and resort owners of Panglao and Dauis last Friday is an example of laws wanting in implementation. While the laws are clear and guidelines are prescribed, willing compliance has remained a problem.  The Water Code of the Philippines prescribes a 20-meter easement from the high water mark on the beach towards inland where no permanent structure can be constructed whatsoever.  We need not send experts however to know that compliance is more in the breach than observance.  This prompts observers to ask "What happened to Bohol's thrust on eco-tourism and environmental conservation and protection?"  And this is usually followed by "They are killing...
Post a Comment
Read more

Obama is the richest man in the world

I hold you to the words you are writing. You blamed Bush for the balanced budget disappearing. I don't know if you are capable of holding a memory that happen yesterday. You have forgotten that Bush was a war President, two wars in his term; Katrina & Rita, three major hurricanes that destroyed Florida and the gulf coast, Annual fires ravaging California that dependent on Bush to declare those as disaster areas too. Then the Democrats protest any move by the Republican to reform the Fannie Mae and Freddi Mac because of policy created by Democrats on home buyers that had no income. Greenlining was opposed by Democrats. Bush fought the good wars, maintained the economy until Obama and his handlers created a hoax about worst economy, and unemployment in 5%. People like you believed his lies, about high debts in $500 billion and worst unemployment and depression since 1932!   In less than a year Obama committed $3 trillion debts, before his term is over projected to $27 trillion, ...
Post a Comment
Read more