"China to Build Pipeline From Iran to Pakistan"Long-thwarted project gets go-ahead as Islamabad anticipates lifting of sanctions on Iran..!!
"China to Build Pipeline From Iran to Pakistan"Long-thwarted project gets go-ahead as Islamabad anticipates lifting of sanctions on Iran..!!
ISLAMABAD—China will build a pipeline to bring natural gas from Iran to Pakistan to help address Pakistan’s acute energy shortage, under a deal to be signed during the Chinese president’s visit to Islamabad this month, Pakistani officials said.
The arrival of President Xi Jinping is expected to showcase China’s commitment to infrastructure development in ally Pakistan, at a time when few other countries are willing to make major investments in the cash-strapped, terrorism-plagued country.
The pipeline would amount to an early benefit for both Pakistan and Iran from the framework agreement reached earlier this month between Tehran and the U.S. and other world powers to prevent Iran from developing nuclear weapons. The U.S. had previously threatened Pakistan with sanctions if it went ahead with the project.
“We’re building it,” Pakistani Petroleum Minister Shahid Khaqan Abbasitold The Wall Street Journal. “The process has started.”
In Washington, U.S. officials said details of sanctions will be negotiated as part of a comprehensive nuclear deal with Iran due in June.
“We aren’t going to speculate as to how any solutions we may reach in that regard could impact on any particular proposed business ventures,” a State Department official said late Wednesday, adding that “significant support to Iran’s energy sector, such as providing significant investment or technology,” could still result in sanctions under the framework agreement last week.
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