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News ID: 2543
Iran » Iran
Publish Date: 13:18 - 31 October 2013
Tehran, YJC. Iran’s Oil Minister says too much obstacles may lead to the Iran-Pakistan gas contract being canceled.

Bijan Namdar Zanganeh says in the past two months Pakistani officials have made numerous complaints that Iran charges to much for its gas. He also says that the Pakistani side has been asking for more time before the gas transfer starts.

He says that Iran must start to export natural gas to Pakistan next year, and that the Iranian side of the pipeline is under construction.

He stated "I believe that the Pakistan gas export contract has no economic justification without India and China. Therefore there is the possibility even to cancel the contract if the Pakistani side is going to continue the current situation.”

Asked if in case of poor adherence to the contract, Pakistan is likely to be penalized, the Oil Minister said "Pakistan doesn’t even have considerable financial sources in order to be able to pay the fine.”

Pointing out that personally he is not optimistic about the contract, he said that negotiations will be held with Pakistan and Iran will finally act according to the contract.

He also mentioned that the base price for oil in Iran’s next year budget is granted at $100.

Published: 1
Under Review: 1
Nazanin CA
United States
14:33 - 1392/08/10
I think Pakistan under the pressure of the US will not cooperate at all
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