Coal News We love to talk!

MAR 12 2013

Iran, Pakistan leaders inaugurate gas pipeline project

  • Economic Times, ET Bureau / Hyderabad
  • Created: Tue 12th MAR 2013

Unfazed by US pressure, Pakistan President Asif Ali Zardari along with his Iranian counterpart today inaugurated the much-delayed section of a $7.5 billion gas pipeline with President Mahmoud Ahmadinejad saying West has no right to block the project.

Zardari had flown in along with a huge delegation and joined Ahmadinejad for the inauguration ceremony of the Pakistani section of the gas pipeline near the PakistanIran border.

The groundbreaking ceremony marked the start of work on the 781-km Pakistani section of the pipeline to be built at a cost of $1.5 billion.

Iran will provide a $500 million loan for the project. The pipeline on the Iranian side is almost complete.

The two presidents together unveiled the plaque of the mega project terming it vital for the development of two neighbouring states.

Zardari, in his address at the event, termed the pipeline project as "very important for Pakistan.

He said the prosperity of Pakistan and Iran was inter-linked and the former was striving to become selfreliant.

He said the international community was unaware of the problems of regional countries and was not cognizant of appropriate solutions to many issues.

The event was shown live on various Pakistani channels showing Zardari and Ahmadinejad shaking hands with various dignitaries as the ceremony got under way.

"Today is a historic day. The gas pipeline project is the beginning of a great work, Ahmadinejad said adding "The Westerners have no right to make any obstacles in the way of the project.

The ceremony was attended by a large number of foreign dignitaries, ministers, members of parliament and political leaders from both the countries.

Former Pakistan Prime Minister Yusuf Raza Gilani, Pakistans Ambassador to the United States Sherry Rehman and the United Arab Emirates Energy Minister Mohammad Bin Dhaen Al Hameli also attended the event, Pakistans state-run APP news agency said.

Tags

Pakistan Energy United States Iran

Related News

  • Modi-Obama talks: India, US ink eight agreements in defence, energy cooperation  Read more
  • NTPC to use biomass to co-fire coal-based power plants, cut emissions  Read more
  • India seeks $2 bn from World Bank, ADB for rooftop solar projects  Read more
  • India’s cut on Iran oil import not due to US pressure: Blake  Read more
  • ONGC-Mittal Energy Ltd gives up oil blockin Nigeria  Read more
  • Reliance Said to Resume Gas Drilling After Year: Corporate India  Read more
  • Indian Oil Corp profit drops 35 pct as refining margins shrink  Read more
  • Vadodara flyover to get solar panel dome for power generation  Read more
  • GAIL, Bloom Energy join hands to bring clean energy to India  Read more
  • NTPC invites tenders for battery storage for 8 MW solar capacity in Andaman and Nicobar  Read more