March 18, 2010 11:49 AM

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Iran and Pak to sign gas export

The operating contract of gas export from Iran to Pakistan will be signed by the two countries on Friday. According to Iran’s ILNA news agency, Iranian deputy oil minister Hojjatollah Ghanimifard has said that the contract will be inked in Turkey.<br/>ILNA adds that Iran, Pakistan, and India conceptualised the Peace Pipeline project in 1990s, to help boost peace and security in the region but it could not be materialized yet mainly due to the hefty transit fee demanded by Islamabad. According to ILNA, during the talks, the Indian officials had asked Iran to sort out a number of issues, such as the security of the pipeline and the gas price formula. Iran however wants India to join the process.

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