ID :
62721
Wed, 05/27/2009 - 13:10
Auther :

Zardari: My visit to Iran gives great impetus to bilateral ties

President Asif Ali Zardari on Tuesday discussed with Prime Minister Syed Yousuf Raza Gilani the outcome of his recent visit to Iran and said that it will give great impetus to Pak-Iran relations.

The Prime Minister felicitated the President on the conclusion of a framework agreement for the Iran – Pakistan Gas Pipeline and said that with the launch of the project a giant step would be taken for the energy security of the country, a statement from the President Office said.

President Zardari and his Iranian counterpart Dr. Mahmood Ahmadinejad had signed the Intergovernmental framework declaration to support within the framework of their respective laws and regulations, the gas deal signed by the oil ministries of the respective countries.

The Gas Sale Purchase Agreement (GSPA) was signed by the MD National Iranian Oil Company (NIOC) and MD Inter-state Gas System for export of Iranian Natural gas to Pakistan at the border of Iran – Pakistan for the purpose of domestic consumption in Pakistan.

The deal known as “peace pipeline” was signed on the sidelines of the current tripartite summit of Pakistan, Afghanistan and Iran on elimination of terrorism, drug and human trafficking, held on May 24.

The 2,100 kilometer long pipeline is to transfer Iranian gas to Pakistan.

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

The project is to transfer some 750 million cubic feet of gas per day. Construction of the pipeline is to be completed in five years.

The Foreign Ministry spokesman Abdul Basit says Iran would provide gas for 25 years and the agreement could be extended for five years with the mutual understanding of the two countries.

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