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Ahmedinejad, Zardari discuss IPI project


Pakistan and Iran agreed on Tuesday to initiate work on the multi-billion dollar Iran-Pakistan-India (IPI) gas pipeline. President Asif Ali Zardari and his Iranian counterpart Mahmoud Ahmadinejad agreed to set up a joint company to raise capital for the US 7.5 billion dollar project. The two leaders met on the sidelines of the 63rd United Nations General Assembly session and covered a wide range of issues. The two sides agreed on a meeting of their two foreign ministers on October 9 and 10, besides setting up a committee of five senior officials from either side to finalise the IPI project...

[47482]



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Ahmedinejad, Zardari discuss IPI project

Dawn.com

September 24, 2008

NEW YORK: Pakistan and Iran agreed on Tuesday to initiate work on the multi-billion dollar Iran-Pakistan-India (IPI) gas pipeline.
President Asif Ali Zardari and his Iranian counterpart Mahmoud Ahmadinejad agreed to set up a joint company to raise capital for the US 7.5 billion dollar project.

The two leaders met on the sidelines of the 63rd United Nations General Assembly session and covered a wide range of issues.

The two sides agreed on a meeting of their two foreign ministers on October 9 and 10, besides setting up a committee of five senior officials from either side to finalise the IPI project.

The two leaders stressed the importance of the early completion of the over 2,700km long IPI gas pipeline project which would bring natural gas from the South Pars fields in Iran to Multan in Central Pakistan.

The project is aimed at helping the country meet its energy shortages and the growing industrial sector in Pakistan.

The two leaders also discussed the possibility of importing additional 1,000MW electricity from Iran, to meet the energy shortfall in Pakistan, particularly in Balochistan.

President Zardari stressed that the strong political ties between the two countries need to be translated into a more meaningful relationship by enhancing bilateral trade, commerce and economic cooperation.

President Ahmadinejad said there were several areas where the two countries could share their experiences for the mutual benefit of their people.
According to the APP, President Ahmadinejad also expressed his shock and grief over the loss of lives in the deadly attack at the Marriott hotel in Islamabad and said that both countries need to have continued cooperation to cull extremism and terrorism from the region.





:: Article nr. 47482 sent on 25-sep-2008 04:42 ECT

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Link: www.dawn.net/wps/wcm/connect/Dawn%20Content%20Library/dawn/news/pakistan/ahmedin
   ejad%2C+zardari+discuss+ipi+gas+project




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