Will Pakistan And Iran Reach Agreement On Gas Pipeline?
Talks are going on between Pakistan and Iran on the gas pipeline deal. Do you think it will work out or do you think that the conditions are not good for this deal?
Pakistan and Iran are said to have agreed to resolve the disputes on gas pipeline project in accordance with the United Nations Commission on International Trade Law (UNCITRAL), sources in Petroleum Ministry told Business Recorder.
The two countries are expected to trim the Gas Sale Purchase Agreement (GSPA), possibly during the current week, to materialise the much-delayed multi billion dollars project.
On April 8, 2009, the Federal Cabinet gave approval for the project, subject to the condition that, for the present, Pakistan should not commit to purchasing more than 750 mmcfd gas, against the initial plan of one billion cubic feet, at offered crude oil parity of 80 percent.
yes i think so that they will reach on agrrement as Over all
businesses ,Stocks,oil & Gold Markets are recovering now.Lets hope for the best