Baku, Azerbaijan, Feb. 4
By Khalid Kazimov – Trend:
Iranian Oil Ministry plans to lodge a complaint against Pakistan over its failure to meet commitments on extending the Iran-Pakistan joint pipeline.
Iranian Oil Minister Bijan Namdar Zanganeh has said that according to the ministry, the country should go to court over the issue, IRNA news agency reported.
The long-awaited Iran-Pakistan gas pipeline project (also called Peace pipeline) worth $7.5 billion has been postponed due to Pakistan’s failure to fulfill its obligations under an agreement reached earlier.
The 2,700 kilometer-long pipeline is meant to deliver gas from Iran’s southern zone of Asalouyeh 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) of natural gas per day to the country.