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Final deal on gas pipeline in three weeks: Iran

Tuesday, 26 May, 2009
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President Zardari and his Iranian counter part Mahmood Ahmadinejad signing the Inter-Governmental Frame Work Declaration for the Pak-Iran gas deal. - APP photo

TEHRAN: There are no outstanding issues impeding the project for laying a gas pipeline between Pakistan and Iran and a final deal will be signed in three weeks, an Iranian official said on Monday.

‘The final contract will be signed between the National Iranian Gas Export Company and Interstate Gas System of Pakistan in three weeks,’ chief executive officer of the National Iranian Gas Company, Reza Kasaizadeh, told ISNA news agency.

Kasaizadeh said: ‘Issues of price, revision of price, the pricing formula and other questions have been finalised.’

Although a date for the completion of the multi-billion-dollar pipeline has not yet been announced, Kasaizadeh said that about 250 kilometres of pipeline remained to be built and that export to Pakistan could then start within four years.—AFP

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