ID :
128629
Sat, 06/19/2010 - 11:50
Auther :

Pakistani Official : Tehran-Islamabad co-op can boost regional economic ties

Islamabad, June 19, IRNA – Head of Islamabad Chamber of Commerce and Industries referring to finalizing of Iran-Pakistan gas pipeline reiterated here Friday that Tehran-Islamabad relations would surely lead to development of regional economic ties.

Zahed Maqboul added in an exclusive interview with IRNA, “Beginning the construction work of the gas pipeline in both countries is a sign of bilateral trust that would in the long run lead to broader regional cooperation among more countries in the area.

Referring to serious energy shortage in Pakistan, he reiterated, “The government and people of this country are agreed on the point that receiving natural gas from Iran has benefits, including increasing the generation capacity of Pakistan’s gas operated electricity generator power plants.”

Iran and Pakistan have formally signed an export deal, which stipulates that Iran would begin supplying natural gas to Pakistan from 2014.

The agreement was signed in Tehran by Iran’s Deputy Oil Minister Javad Owuji and a Pakistani delegation that included the Secretary for the Ministry of Petroleum and Natural Resources Kamran Lashari and the Managing Director of the Inter-State Gas Company, Naeem Sherafat.

The Secretary for the Ministry, Kamran Lashari, has said that Islamabad would conduct a one-year feasibility study for building its section of the pipeline. It will then “take three years to construct the 700-kilometer pipeline” from the Iranian border to Pakistani city of Nawabshah Iran and Pakistan have formally signed an export deal, which stipulates that Iran would begin supplying natural gas to Pakistan from 2014.

The agreement was signed in Tehran by Iran’s Deputy Oil Minister Javad Owuji and a Pakistani delegation that included the Secretary for the Ministry of Petroleum and Natural Resources Kamran Lashari and the Managing Director of the Inter-State Gas Company Naeem Sherafat.

The Secretary for the Ministry Kamran Lashari, has said that Islamabad would conduct a one-year feasibility study for building its section of the pipeline. It will then “take three years to construct the 700-kilometer pipeline” from the Iranian border to Pakistani city of Nawabshah.

Zahed Maqboul reiterated, “Of course Pakistan has solved the security issue of the pipeline long the shared border line with Iran, too, having tackled the matter with regional authorities and the construction of the pipeline at Pakistani side has already begun in Balouchestan Province of Pakistan.”

He said, “The Iranian gas pipeline has to pass through Balouchestan Province in order to enter Pakistan, which is an uneasy region and there might be security threats against it there, but the people of that province know that the benefits of importing gas from Iran would in the first place be their own.”

The head of Islamabad Chamber of Commerce and Industries emphasized, “Pakistan is already faced with severe energy shortage and importing the Iranian natural gas is a dire need for our economy.

Zahed Maqboul at the end congratulated both nations on the beginning of the construction work of the Peace Pipeline after the elapse of over a decade from the initial talks over it which were among Iran, Pakistan and India, and potentially scheduled to be expanded to China, as well, expressing hope that it would lead also to industrial development of his country.

The volume of the gas to be exported to Pakistan is evaluated to be aoudn20% of Pakistan’s total annual demand that is to be used for producing electricity./end

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