Iran News ...


08/10/10

Iran: Revolutionary Guards company to extend Peace Pipeline

Source: Radio Zamaneh

Iran's Revolutionary Guards Corps' Khatam-ol-Anbia Base has been given the second phase in construction of the pipe line delivering gas from Iran to India and Pakistan.


file photo

The second phase of the "Peace Pipeline" project will take it from Iranshahr in Southeastern province of Sistan- Baluchistan to the borders of Pakistan.

Iranian media reported that the negotiations between Iran National Gas Company and the construction base, Khatam-ol-Anbia, about the second phase of the "Peace Pipeline" have been finalized and the 270 km of the line has been priced between 200 to 250 million dollars.

The first phase of the construction was also given to Khatam-ol-Anbia Base five years ago and 907 km of the line was built at 808 million euros.

The project to build the pipleline to India and Pakistan was first put forth in 1990 but negotiations over its terms started ten years ago. They have agreed to supply India and Pakistan with gas at a low price for 25 years.

Former Iranian deputy oil minister, Mohammad Hadi Nejadhosseinian slammed the deal in 2007 stating that Iran is giving its gas to India and Pakistan at a 30 percent discount rate.

He urged Members of Parliament to put a halt on the agreement until it is reviewed by experts.

Khatam-ol-Anbia Base is a construction company linked to Revolutionary Guards of Iran and one of the top targets of recent sanctions against Iran.

Recently, Khatam-ol-Anbia withdrew from the latest developments in Iran's Southern Pars gas project. Some analysts have said that the move came about as a result of recent sanctions.

According to the recent UN resolution, the assets of Khatam-ol-Anbia in foreign banks will be frozen and its executives are to face restrictions in international travel.

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