Iran to resume oil exports to Pakistan
Tehran, Iran, Dec. 9
By Milad Fashtami - Trend:
Iranian Finance and Economic Affairs Minister Ali Tayebnia and Pakistan's Minister of Petroleum and Natural Resources Shahid Khaqan Abbasi agreed on resumption of exporting Iranian oil to Islamabad.
Iran stopped oil exports to Pakistan in November 2011 since the Karachi refinery failed to open LC lines, Iran's Mehr News Agency reported on Dec. 9.
Iran used to export 12,000 barrels of oil per day to Pakistan.
Pakistani officials back in 2011 said that the country stopped importing Iranian oil since Karachi refinery was shut due to technical problems. They said that because Iranian and Pakistani oils are different, only Karachi refinery was able to refine the imported oil.
According to Tayebnia, Pakistan has also declared readiness to import natural gas from Iran.
Reuters reported on November 29 that Iran's average oil exports to Asia in the first 10 months of 2014 stood at 1.11 million barrels per day.