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Peace pipeline can be stretched to southeastern Asia: Iran's Finance Minister

TEHRAN, Jan. 19 (ISNA)-The Peace pipeline can be stretched to Asian southeastern countries including Thailand, Malaysia and Singapore, Iran's minister for economy and finance said.

Davoud Danesh Jafari staying in India to take part in an economic meeting said Iran and Pakistan have reached an agreement during their talks and as soon as Pakistan and India can tackle their challenges the project will be put into practice.

Meanwhile concerning L.N.G project he said what was signed between Tehran and New Delhi in 2005 was only a memorandum which has not been confirmed yet and the two sides will decide on prices when signing the agreement.

Iran and India signed a 22-billion dollar memorandum according to which Iran should export 5 million tones of liquid natural gas to India per day for 25 years.

Meanwhile he said Iran will invest in India by utilizing its foreign exchange reserves reaching 60 to 70 billion dollars. Iran used to save the reserves in foreign banks but now it has a plan to invest it in India.

If the two sides pave the way for private sectors activities the amount of money invested in each country will raise, Danesh Jafari said while calling for Indian authorities to reduce customs tariffs.

... Payvand News - 01/19/08 ... --

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