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Iranian oil minister to visit New Delhi for talks on gas pipeline in India

Source: ISNA

Iranian Oil Minister Rostam Qasemi plans to visit India in coming days to discuss expansion of Iran-Pakistan gas pipeline project to India with his Indian counterpart Murli Deora.

The two sides are scheduled to discuss the pricing formula and safety and security of the pipeline which is to carry Iran's gas to energy-hungry Pakistan.

Iranian Oil Ministry Spokesman Alireza Nikzad has already said that India is keen to expand Iran-Pakistan gas pipeline to India.

According to the Iranian official, Iranian contractors have started building the pipeline inside Pakistani soil and constructed 900 kilometers of the pipeline inside Iran.

Deora announced last month that his country will not stop oil imports from Iran, rejecting western media's claims, Pakistani Observer daily wrote.

He had said western-led unilateral sanctions against Iran have made problems for India in insurance of oil shipments from Iran, and added that his country plans to launch a special fund for insurance of Iranian oil shipments.

Gas exports to Iraq to increase Iranˈs annual forex income by $5b
Source: Islamic Republic News Agency

Exports of Iranˈs natural gas to Iraq from South Pars fields would increase the countryˈs annual foreign exchange income by five billion dollars, Oil Minister Rostam Qasemi said Sunday.

Addressing a group of directors from oil industries, the minister said Iranˈs natural gas exports to Iraq from two South Pars fields would begin at most by the next two months.

Briefing the audience on the ministryˈs policies, Qasemi said Iran attracted over 24 billion dollars of foreign investments during the last Iranian calendar year (ended March 20, 2013).

The minister referred to the figure as ˈunprecedented.ˈ

He hoped that major developments would be made with the help of experts of Iranˈs oil industries during the current Iranian year which was designated as the ˈYear of Political Epic and Economic Epicˈ by the Supreme Leader of the Islamic Revolution Ayatollah Ali Khamenei.

... Payvand News - 04/29/13 ... --

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