ArabianBusiness.com - Middle East Business News
Sunday, 05 July 2009 04:14 UAE time

YOUR DIRECTORY /

| Share |

India, Iran set to seal gas pipeline deal

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Thursday, 03 July 2008
GAS DEAL: India expects to finalise a deal by next month on a pipeline that will transport gas from Iran. (Getty Images)

India expects to finalise a deal "by next month" on a pipeline that will transport gas from Iran, Indian Oil Minister Murli Deora told newswire AFP on Thursday.

He said the $7.5 billion project to transport Iranian gas across the subcontinent to India and Pakistan was discussed on the sidelines of the World Petroleum Congress industry event in Madrid.

"We discussed this here again yesterday [Wednesday]. There should be an end to dialogue now," Deora said in an interview with AFP at the World Petroleum Congress in Madrid when asked about the project.

Story continues below
advertisement

"The only one issue is where to take the delivery, the delivery point. We wanted it on the border of India and Pakistan and they were suggesting on the border of Pakistan and Iran.

"But these things are being sorted out at a very high level now, and I hope by next month things will be okay," he said.

Asked when the deal could be signed, he said: "I hope by next month."

India's hopes of importing gas piped across Pakistan to feed its fast-expanding economy gained ground after the nuclear-armed rivals, who have fought three wars, began a peace process in 2004.

But Washington, which accuses Iran of seeking to build a nuclear bomb and being a state sponsor of terrorism, is fiercely opposed to the pipeline.

Tehran denies its nuclear programme is a cover for building atomic weapons.


For news updates sign up for our newsletter
| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

SHARE PRICE CHECK

 EMAIL ALERTS

  1. Ministry of Oil - India

  2. Energy



READER COMMENTS

Read all user comments >

BUSINESS FEATURES

Oil eases investors past Saudi’s regulatory risks

The Kingdom’s muddy investment rules are failing to deter foreign inflows.

Al Shaheen uncovered

Oil & Gas Middle East gets unparalleled access to the team behind the region's most complex offshore field development.

BUSINESS INTERVIEWS

Myth busters

Consultant Tarek El Sayed speaks about predictions for the changing energy landscape.

MORE FROM ARABIANBUSINESS.COM