Pakistan and Iran agree to build pipeline without India
By Fida Hussain
ISLAMABAD: Pakistan and Iran have agreed to build a bilateral gas pipeline if India does not join the project to bring cheap Iranian gas to South Asia, officials said on Sunday at the conclusion of three days of technical talks.
Petroleum Secretary Ahmad Waqar, who headed the Pakistani side at the talks, told a press conference here that Pakistan and Iran had reached an agreement on basic principles of a gas pricing formula and decided to work on a bilateral Iran-Pakistan pipeline regardless of India’s involvement in the project.
Iran’s Deputy Oil Minister Mohammad Hadi Nejad Hosseinian, who headed an eight-member Iranian team at the talks, said he did not expect United Nations sanctions due to its nuclear programme to affect the gas pipeline to Pakistan and India or the country’s oil and gas sector.
“Oil prices are very high. Sanctions against Iran extending to its energy sector will push oil prices furthe…