Iran project hit by sanctions: minister

Published March 20, 2014
Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi. — File photo
Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi. — File photo

ISLAMABAD: Except for the issue of international sanctions, the government is not under any other pressure against the Iran-Pakistan gas pipeline project, Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said.

Talking to reporters here on Wednesday after a technical workshop on energy issues, he said it was unfortunate that a technically and economically viable project had been hit by sanctions.

“We have the capacity to complete the project in 36 months after the sanctions are lifted,” he said.

He said Iran had been informed that there was no pressure on Pakistan on the issue from any other side. The neighbouring country was aware of the situation that was not of Pakistan’s making, he said.

Replying to a question, the minister said the government would try to restore gas supply to the transport sector in Punjab for three days a week during the summer, but the timing of then resumption would depend on weather conditions.

He said the requirement of natural gas in the country currently was about six billion cubic feet per day, while the total production was four billion cubic feet.

He said the government would ensure import of liquefied natural gas by the end of this year to partially meet the demand during the winter.

The minister said the government was trying to address critical issues confronting the economy.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Who bears the cost?

Who bears the cost?

This small window of low inflation should compel a rethink of how the authorities and employers understand the average household’s

Editorial

Internet restrictions
23 Dec, 2024

Internet restrictions

JUST how much longer does the government plan on throttling the internet is a question up in the air right now....
Bangladesh reset
23 Dec, 2024

Bangladesh reset

THE vibes were positive during Prime Minister Shehbaz Sharif’s recent meeting with Bangladesh interim leader Dr...
Leaving home
23 Dec, 2024

Leaving home

FROM asylum seekers to economic migrants, the continuing exodus from Pakistan shows mass disillusionment with the...
Military convictions
Updated 22 Dec, 2024

Military convictions

Pakistan’s democracy, still finding its feet, cannot afford such compromises on core democratic values.
Need for talks
22 Dec, 2024

Need for talks

FOR a long time now, the country has been in the grip of relentless political uncertainty, featuring the...
Vulnerable vaccinators
22 Dec, 2024

Vulnerable vaccinators

THE campaign to eradicate polio from Pakistan cannot succeed unless the safety of vaccinators and security personnel...