Pakistani President Asif Ali Zardari is making a visit to Iran to sign a deal for construction of a $1.5 billion pipeline to bring Iranian gas to his country.
Pakistani President Asif Ali Zardari during a meeting with Iranian Oil Minister Rostam Qasemi
Zardari's two-day visit is due to include a meeting with Iranian counterpart Mahmud Ahmadinejad to sign the pipeline agreement and a deal for Iranian help in building an oil refinery in the Pakistani port city of Gwadar.
Zardari (center) with Iranian his counterpart Mahmoud Ahmadinejad (left) and Iranian Supreme Leader Ayatollah Ali Khamenei
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Iran is offering to sell Pakistan some 21.5 million cubic meters of gas daily via the pipeline and also provide a loan of some $500 million for building the Pakistani section of the pipeline.
The oil refinery is expected to have the capacity to process some 400,000 barrels daily.
The projects have had trouble attracting investors due to U.S. objections.
Based on reporting by dpa and "Business recorder"
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