BREAKING NEWS

Iran completes gas pipeline deal with Pakistan

MAY 24, 2009 22:07

Iran has completed a major gas pipeline deal with Pakistan that could be extended in the future to take Iranian gas to India, the country's official news agency said on Sunday. The IRNA news agency said Iranian President Mahmoud Ahmadinejad and his Pakistani counterpart, Asif Ali Zardari, watched the signing of the agreement Sunday. The project, known as the Pipeline of Peace, was initially expected to include India, but the country has stayed out of the deal because of concerns about the pipeline's security. India also objected to the transit fees that Pakistan asked for. The 2,100-kilometer line will deliver 60 million cubic meters of gas a day to Pakistan. The deal was reach after several years of negotiations.

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