Azerbaijan, Baku, Nov. 4/ Trend R.Zamanov
Iran has nearly completed its share of the peace gas pipeline, Iranian Oil Minister Bijan Namdar Zaganeh said on Sunday.
"Tehran is now waiting for Pakistan to complete its share in order to start pumping gas to the eastern neighbour," the ISNA News Agency quoted Zanganeh as saying.
He made the remarks at a press conference during the 15th ministerial meeting of the Gas Exporting Countries Forum (GECF) in Tehran.
"I have repeatedly said that political pressures will have a negative impact on the oil and gas market," Zanganeh said.
The 15th ministerial meeting of the Gas Exporting Countries Forum (GECF) started on November 3 in Iran's capital city of Tehran, ISNA news agency reported.
GECF`s financial and administrative issues as well as the budget for 2014 are scheduled to be discussed.
The forum is a multi-layered and an intergovernmental organisation comprising the world's leading natural gas producers from Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Oman, Qatar, Russia, Trinidad and Tobago, United Arab Emirates and Venezuela.
Kazakhstan, Iraq, the Netherlands and Norway have the status of observer members.
The first GECF summit meeting was held in the Qatari capital of Doha on November 15, 2011.
GECF was founded in 2001 in Tehran and its member states control over 70 per cent of the world's natural gas reserves as well as more than 80 per cent of the Liquefied Natural Gas (LNG) production.
The legal establishment of the forum took place on December 2008 in Moscow, where energy ministers of member states adopted the forum's charter and signed an intergovernmental agreement.