No obstacle for implementation of Iran Pakistan Pipeline when sanctions are lifted

Shahid Khaqan Abbasi, Pakistani Minister of Petroleum and Natural Resources, on Saturday Jan. 16, after meeting new Iranian ambassador to Islamabad ‘Mahdi Honardoost’, in an interviewwith IRNA said Mr. Honadoost has assured him that the sanctions will be lifted very soon. ”After lifting of sanctions, there would be no more obstacles or pressure from any country to prevent completion the Iran-Pakistan gas pipeline project and it can be completed by end of 2017″ he said.

“However, foreign banks and companies are concerned about the possibility of restorations of some sanctions while we do not yet know what kind of sanctions might re-imposed on Iran. Are all sanctions to be lifted at once or they will be a gradual relief”, said the Pakistani Minister.

He said that I shared with Iranian Ambassador the issues and details of the project and told him that Pakistan is working on the plan. Maps have been prepared and the route is determined and we are in talks with foreign contractors for the project and we are very hopeful to complete the project by the end of 2017. “We are in talks with a Chinese company to finance the project but this has not been finalized yet. In any case, we have had talks with a Chinese company which has sufficient financial resources to finance 85 percent of required credit for the implementation of this project. The company has completed the feasibility studies and design works of the project and we are in talks with the company officials to finalize the construction contract from Gwadar Port to Pakistani city of Nawabshah “he Pakistani Minister of Petroleum said.

In response to the question whether Pakistan could give a specific timetable for completion of the project within its territory, he said construction of pipeline between Gwadar Port and Nawabshah needs 30 months but we are trying to reduce this period to 24 months. There is a great potentials for expansion of ties between Iran and Pakistan and Pakistani refineries run by the private sector can also import their required crude oil from Iran, meanwhile Pakistan is interested in importing  liquid gas from Iran”, Said Shahid Khaqan Abbasi.