Thursday, May 6, 2010

Few details left in Iran-Pakistan gas deal

ISLAMABAD, Pakistan, May 6 (UPI) -- There are only minor details left to resolve before Iran and Pakistan commit to sweeping oil and gas deals, the Pakistani natural resources minister said.

Pakistan is racing to shore up oil and gas resources as a looming energy crisis plagues parts of the country with rolling blackouts.

Syed Naveed Qamar, the Pakistani minister for petroleum and natural resources, told his Iranian counterparts that only the details of signing ceremonies were left to sort out, the Associated Press of Pakistan reports. Iran, he added, has already submitted the appropriate documents.

The minister called on his representatives to get ready to send a high-power delegation to Iran to review the final details of any bilateral deals.

Iranian Deputy Foreign Minister Syed Amir Mansoor Borghei said Iran has built a pipeline to the Pakistani border. The pipeline is part of the planned Iran-Pakistani-India pipeline that would move gas from Iran's South Pars gas field to energy-starved Pakistan.

"The huge gas pipeline project and transfer of Iran's electricity and oil to Pakistan will stand atop (the agenda of any future meetings)," said Pakistani Prime Minister Yousaf Raza Gillani.

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