The Iran Project
: Pakistan's Petroleum Minister Musadik Malik says Islamabad is in need of Iranian gas at present, calling for seeking a US sanctions waiver to this end.
Thursday 28 March 2024 - 14:02
Story Code : 418445
Source : IRNA
Minister calls Tehran-Islamabad gas project Pakistan's current need
Pakistan will vigorously present its case and will try to seek exemption from US sanctions by presenting technical and political arguments, he added.
Since Iraq, Turkey or the Republic of Azerbaijan can benefit from sanctions waiver, Pakistan should also be able to benefit from this privilege, he further noted.
The Pakistan-Iran gas pipeline, known as the Peace Pipeline, is a long-term project between Tehran and Islamabad.
The pipeline would transport natural gas from Iran to neighboring Pakistan.
According to Reuters, the US said on Tuesday it does not support a Pakistan-Iran gas pipeline project from going forward and cautioned about the risk of sanctions in doing business with Tehran.
Iran and Pakistan signed a five-year trade plan in August 2023 and set a bilateral trade target of $5 billion.
Reporter : Editorial of The Iran Project
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