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Iran, Pakistan discuss IP pipeline

01 December 2017 [17:00] - TODAY.AZ

By  Trend

Iranian Foreign Minister Mohammad Javad Zarif and his Pakistani counterpart Khawaja Muhammad Asif mulled the ways for realizing the project on Iran-Pakistan joint gas pipeline.

The meeting took place on the sidelines of the 7th Heart of Asia – Istanbul Process Ministerial Conference on December 1.

The ministers further considered the economic issues and energy cooperation.

The Iran-Pakistan gas pipeline project (also called Peace pipeline) worth $7.5 billion has been discussed for years. The 2,700 kilometer-long pipeline is meant to deliver gas from the Assalouyeh Energy Zone in southwestern Iran to Pakistan.

Iran has already completed the construction of its section of the pipeline from the South Pars field to Pakistani border. Pakistani section of the pipeline is still not ready and Islamabad explains the delay by the lack of funds.

Iran is planning to export 1.5 million cubic meters (mcm) per day natural gas to the country.


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