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Thread: Pakistan Iran IPI pipeline updates

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  1. #21
    Administrator Aryan_B's Avatar
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    Quote Originally Posted by Superkaif View Post
    As Russia and China have not given confirmed financing the IP gas pipeline project, Pakistan and Iran will resume talks in the first week of September to finalise the arrangement of finance to lay Pakistan’s side of the pipeline.
    This is rubbish. Iran has already confirmed it will finance Pakistan's side of the pipeline if push comes to shove, both Iran and Pakistan want Russians firms to be involved to make it more difficult for American sanctions to bite. Americans can hardly sanction Pakistan and not China and Russia if they are participants as well. Russian and Chinese firms have shown interest.

  2. #22
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    Quote Originally Posted by Superkaif View Post
    Pakistan will also urge the Iranian team to double its pledged amount to $500 million during the upcoming meeting of the working group on IP gas pipeline project. “Iran has already committed to raise $250 million financing for the gas pipeline project through its commercial banks,” sources said.
    .
    Iran has already confirmed $500 million US.

  3. #23
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    Quote Originally Posted by Superkaif View Post
    The project is expected to facilitate the import of 700 million cubic feet of gas every day through the 2,100 kilometre pipeline which will ease the current energy crisis in Pakistan.
    .
    Yea rite this is a newspaper give us some news we have known this for a while

  4. #24
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    Quote Originally Posted by Superkaif View Post
    Iran-Pakistan gas pipeline is expected to reach the zero border point in the first half of next Iranian calendar year beginning 20 March 2013. National Iranian Gas Company (NIGC) Managing Director, Javad Oji in a recent statement, said that work on the 56-inch Seventh Iran’s Gas Trunkline from Iranshahr, southeast of Iran to Pakistan border and Zahedan city is complete and it is expected to come on stream in September 2013.
    Coordination committee to meet on Monday
    .
    Yea this is being reported in various Iranian news outlets in the last 48 hours.

  5. #25
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    Quote Originally Posted by Superkaif View Post

    “This group will also examine the impact of US sanctions against Iran on IP gas pipeline project,” sources added. State-owned National Bank of Pakistan (NBP) and Oil and Gas Development Company Limited (OGDC) walked away from the project last year fearing US sanctions. In March this year, the world’s largest bank Industrial and Commercial Bank of China Limited (ICBC) after agreeing to finance Pakistan’s side of the pipeline also shied away.
    “If the two countries reach an agreement, Iran would also provide material for the pipeline,” source added.
    German based firm ILF has completed detailed engineering design of IP gas pipeline project and according to the interim feasibility report, the cost of the project is between $1.2 and $1.5 billion.
    “If the project is materialised with the participation of local companies, the cost of the project fall while the cost would go up if foreign companies complete the project. Sources also hinted that local and Iranian companies could wrap up the project.

    Published in The Express Tribune, August 25th, 2012.
    What a stupid article I would sack this journalist for incompetence. Its just a few articles thrown together without checking the accuracy of the information. -Nothing new at all,

  6. #26
    Senior Member Neo's Avatar
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    Both Iran and Pakistan want Russia to build the pipeline...if not then it can be built by PaK-Iran companies with heavy material imports from Russia and China.
    There's no use speculating, it's going to be built one way or other.
    Great spirits have always found violent opposition from mediocre minds. - Albert Einstein

  7. #27
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    Quote Originally Posted by Neo View Post
    Both Iran and Pakistan want Russia to build the pipeline...if not then it can be built by PaK-Iran companies with heavy material imports from Russia and China.
    There's no use speculating, it's going to be built one way or other.
    Russia has offered provided they do not have to go through a bidding process.

  8. #28
    Senior Member sami's Avatar
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    Iran to ask India to fast-track IPI pipeline project

    Iran to ask India to fast-track IPI pipeline project




    NEW DELHI - Iranian President Mahmoud Ahmadinjead is likely to ask Indian Prime Minister Manmohan Singh to fast track the Iran-Pakistan-India pipeline, when the two meet in Tehran on Wednesday, IANS has reported.
    The joint working group on hydrocarbons comprises officials of the energy ministries of the three countries.
    The meeting is expected to revive the stalled negotiations over the ambitious $7 billion pipeline proposal that seeks to bring Iranian gas via Pakistan to India, sources told IANS.
    Iran and Pakistan have already sealed a bilateral deal on the pipeline, but India has yet to take a decision due to various reasons. India has security concerns as the proposed pipeline passes through the volatile regions of Pakistan's Balochistan province, IANS said. Transport and transit fees are also contentious issues.
    Apart from scepticism about the economic and logistical unviability of the pipeline, it is being opposed by the US, which feels it will amount to defeating its larger strategy of isolating Tehran in the region.
    In India, the pipeline has been virtually written off, but there are signs that it may be revived.
    Early this month, an Indian parliamentary panel asked the petroleum ministry to "vigorously" pursue and settle all pending issues related to the project as it would help address the country's energy gap.


    Iran to ask India to fast-track IPI pipeline project | Pakistan Today | Latest news | Breaking news | Pakistan News | World news | Business | Sport and Multimedia

  9. #29
    Senior Member Neo's Avatar
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    Lol.....does he still believe that India is still a player?
    Great spirits have always found violent opposition from mediocre minds. - Albert Einstein

  10. #30
    Member curioususer's Avatar
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    India is very much interested in IPI, but can Iran assure that Pakistan will allow oil to reach India. It should note India's fears. Okay, maybe when relations are peaceful between the two nations, but we know what the relations are like between India-Pakistan, some terrorist strike, we don't know where it'll go.

  11. #31
    Senior Member Hope's Avatar
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    Pakistan Iran IPI pipeline updates

    ISLAMABAD: Pakistan and Iran agreed to continue efforts on the finalisation of the agreement on the gas pipeline project despite US opposition, DawnNews reported.

    The official agreement is expected to be signed on Thursday at the Developing-Eight Summit being held in Islamabad.

    Leaders from D-8 countries gathered in Islamabad to consider plans aimed at finding methods of ensuring “sustainable prosperity for their peoples”.

    According to the agreement, Iran would provide Pakistan with funds amounting to Rs 24.25 billion in order to lay a 785-kilometre pipeline from the Pakistan-Iran border to Nawabshah in Sindh province.

    Pakistan required the funds in order to lay the pipeline but remained unsuccessful in obtaining funding from any country or international donor agencies due to the international sanctions imposed on Iran. The United States also increased pressure on Pakistan against purchase of gas from Iran.

    Pakistan, Iran to continue on gas pipeline project | DAWN.COM
    The Following User Says Thank You to Hope For This Useful Post: SamranALI


  12. #32
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    Controversial project: Iran to fund gas pipeline construction in Pakistan

    Controversial project: Iran to fund gas pipeline construction in Pakistan
    By Kamran Yousaf Published: December 4, 2012


    ISLAMABAD:
    President Asif Ali Zardari will finalise a key agreement to help finance the multi-billion dollar Iran-Pakistan gas pipeline project during an official visit to Tehran later this week, officials said.

    Iran has almost completed work on the controversial pipeline on its side of the border while Pakistan struggles to complete the pipeline – running into difficulty over reluctant investors who fear they could be hit by US sanctions.

    Iran’s offer to fund the construction of the pipeline on the Pakistani side arose when both China and Russia backed out of earlier commitments to fund the pipeline. Under the proposed inter-governmental cooperation agreement, Tehran is ready to provide $250 million in loans to build the pipeline on the Pakistani side of the border, while another $250 million is also expected to be provided by Iran’s commercial banks.

    Meanwhile, in another sign of progress on the Iran-Pakistan gas pipeline front, Chairman Senate Defence and Defence Production Committee Senator Mushahid Hussain Sayed confirmed that President Asif Ali Zardari will be undertaking a visit to Tehran on December 7, after he held talks with a visiting delegation from Iran’s parliamentary committee on national security and foreign policy headed by Alaeddin Borojourdi.



    At a joint news conference with Borojourdi, Mushahid said the main purpose of the president’s visit will be to finalise an agreement that would provide necessary financing for the Iran-Pakistan pipeline project.

    US pressure

    The US has been pressuring Islamabad to altogether scrap the project because of Iran’s controversial nuclear programme. However, Senator Mushahid said on Monday that Pakistan rejected US pressure as it considered the Iran-Pakistan gas pipeline project vital to efforts in overcoming the energy crisis it faces.

    Talking to the media, Borojourdi also said Iran was committed to the energy pipeline with Pakistan, and also offered to help construct it since, he said, that the project from the Iranian side was almost completed. The Iranian lawmaker also indicated that a significant development in the project was expected during President Zardari’s upcoming visit.

    Afghan endgame

    During his visit, Zardari is also likely to discuss the current regional security situation including the recent decision by Pakistan to release Taliban prisoners from its custody in a bid to advance the Afghan peace process.



    Mushahid said Pakistan and Iran shared common views on the reconciliation process in Afghanistan.

    “It is imperative that Pakistan and Iran work closely in the wake of the US pullout from Afghanistan by 2014,” said Mushahid. His Iranian counterpart endorsed the view and acknowledged Pakistan’s crucial role in the reconciliation process.

    In a show of support for Iran, Mushahid also told the visiting Iranian delegation that Pakistan rejected any double standards on the nuclear issue and strongly feels that the standoff with Iran on the nuclear issue should be resolved peacefully, without threat or use of force.

    The Senate defence committee supported the right of Iran to undertake nuclear research and enrichment for peaceful purposes in accordance with IAEA safeguards, said the senator.

    Borojourdi insisted that Iran has no intention of building the atomic bomb, but he added that it will certainly exercise its right to do nuclear research and development for peaceful purposes.

    Published in The Express Tribune, December 4th, 2012.

  13. #33
    Senior Member sami's Avatar
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    I don't see why purchasing oil from a neighbour is controversial.

  14. #34
    Administrator Aryan_B's Avatar
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    Quote Originally Posted by sami View Post
    I don't see why purchasing oil from a neighbour is controversial.
    Because the enemy of our people America don't like it

  15. #35
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    great news for IPG progect...........if it happens it will be a relife for pakistan
    The Following User Says Thank You to tamz_thunder For This Useful Post: Aryan_B


  16. #36
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    im sure it will get built.

  17. #37
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    Quote Originally Posted by SamranALI View Post
    im sure it will get built.
    I agree it must be built for Pakistani and Iranian peoples sake

  18. #38
    Senior Member Dash's Avatar
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    I wonder if this is not a Pakistani counter pressure on the Americans.

  19. #39
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    Quote Originally Posted by Ticker View Post
    I wonder if this is not a Pakistani counter pressure on the Americans.
    More likely our leaders are purchased by Americans and Saudis

  20. #40
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    Pakistan Iran IPI pipeline updates

    January 31, 2013 5:22 pm

    Pakistan to build $1.5bn Iran pipeline

    By Farhan Bokhari in Islamabad

    Pakistan has decided to go ahead with a controversial $1.5bn pipeline to import Iranian gas, a senior government official has said, in a move that risks alienating the US.

    “A decision has been made that we can’t delay this project for any longer. This is Pakistan’s essential lifeline. We are going ahead with this project,” the official told the Financial Times on Thursday.

    Asif Ali Zardari, Pakistan’s president, unexpectedly cancelled a trip to Iran at the last minute in December, amid concerns in Islamabad over stiff US opposition to a project considered essential for tackling mounting energy shortages. Some Pakistani officials had expected Mr Zardari to consent to the project during the trip.

    The plan would see Pakistan build a pipeline connecting its national gas supply grid in the southern Sindh province to the Iranian border in southwest Baluchistan. Iranian officials say they have already built the pipeline on their side of the border to within 100km of Pakistan.

    The US has opposed the pipeline on the grounds it would inject foreign exchange into the Iranian economy at a time when western countries have imposed a number of ever tighter sanctions in an effort to prevent Tehran from advancing its nuclear weapons programme.
    Independent economists said it was too early to predict whether the project would go ahead. “The companies involved from Pakistan may face the danger of being exposed to US-led western sanctions,” warned Sakib Sherani, an economist. “There are also technical issues in undertaking such a large project.”

    However, Islamabad has become all too aware of the political and economic risks posed by chronic electricity shortages after people took to the streets in cities across the country last summer in protest at power cuts up to 20 hours long.

    Pakistan appeared confident the US would not hit it with tough sanctions, according to a senior western diplomat in Islamabad. “In their [Pakistan’s] calculus, they believe that the US needs Pakistan to ensure a successful drawdown from Afghanistan by December next year,” the diplomat said.

    “The Pakistanis probably believe there will be a lot of huff and puff but no painful sanctions. In all honesty, Pakistan has a terrible situation on energy and these [energy] shortages can undermine the country’s stability.”

    Iran has offered its neighbour at least $500m to help finance the project. The money was “just the beginning”, the Pakistani official said. “The Iranians have said they will provide more funding for this project if there is a need.”

    The Iranian pipeline offers Pakistan the shortest supply route from any gas surplus country, officials say. Asim Hussain, chief adviser on oil and natural resources to the government, told the FT last December: “It’s a feasible project for Pakistan. It’s the quickest route, the cheapest route where we can fulfil our energy needs.”

    Pakistan to build $1.5bn Iran pipeline - FT.com

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