Groundbreaking of Pak-Iran Gas Pipeline Project:
ISLAMABAD: The groundbreaking ceremony of Pak-Iran gas pipeline project would be held on Monday (today) March 11, despite the US warnings of possible sanctions.
President Asif Ali Zardari and his Iranian counterpart Mahmoud Ahmadinejad will be present on the occasion.
A consortium will start work on $7.5 billion gas pipeline from Pakistan to Iran despite American warnings of possible sanctions, officials said.
The ceremony would mark the start of work by an Iranian-Pakistani consortium on the 781-kilometre pipeline earmarked for the Pakistani side of the border (till Nawabshah), which is said to cost some $1.5 billion.
The pipeline on the Iranian side has almost been completed.
Pakistan suffers from a crushing energy crisis, but the United States says it is providing Islamabad with alternative means to help avoid sanctions.
Pakistan would start receiving gas after completion of the project in December 2014.
Both the presidents would also sign an accord for 400,000-barrel capacity oil refinery in Gwadar today (Monday), said advisor to PM on petroleum, Dr. Asim Hussain.
Pakistan News
Courtesy: Geo News
