Iran, Pakistan sign gas pipeline deal

– Iran and Pakistan signed a deal on Sunday for laying of a gas pipeline to transfer Iran’s gas to Pakistan.

The deal known as “Peace Pipeline” was signed on the sidelines of the current tripartite summit on Afghanistan security in Tehran.

President Mahmoud Ahmadinejad and his Pakistani counterpart signed the contract and exchanged views on it.

Iran’s Oil Ministry declared on Saturday that negotiations on “Peace Pipeline” were underway between Iranian and the Pakistani delegations which would allow Iran’s gas to be exported to Pakistan through Assalouyeh.

The 2,700 kilometer long pipeline is to transfer Iranian gas to India via Pakistan.

It is predicted that some 1,100 kilometers of pipelines would be laid in Iran’s territory, 1000 kilometers in Pakistan and 600 kilometers in India.

The project is to transfer some 150 million cubic meters of gas per day.

Construction of the 56 inch thick pipeline is to be completed in five years.

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