(IRNA) - Representative of the oil ministries of Iran, Pakistan and India reached agreement on the price of Iran's natural gas, Director of International Affairs of the National Iranian Oil Company Hojjatollah Ghanimifard said here Wednesday on the first day of the 4th tripartite meeting of the three countries on their gas pipeline project.
He told IRNA that the tripartite negotiations would continue until tomorrow to thresh out various issues.
The working committee of the Iran-Pakistan-India gas pipeline project, the pipeline also called the `Peace Pipeline', began its two-day 4th meeting in Tehran this morning.
It is attended by India's and Pakistan's deputy ministers of energy and the Iranian oil minister's representative, reports Trend.
Iran, once the pipeline becomes operational, will export 90 million cubic meters of natural gas to Pakistan and another 60 million cubic meters to India per day.
The gas pipeline will be 2,700 kilometers long and has a budget of USD 7 billion.
The pipeline will traverse 1,100km of Iranian territory, 1,000km of Pakistani and 500km of Indian territory.
The third deputy oil ministers' trilateral working group meeting of Iran, India and Pakistan was held in New Delhi on August 3, 2006.
The final gas transfer capacity of the pipeline will be 100 million cubic meters per day.