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Iran to give oil to Pakistan on deferred payment
ISLAMABAD: Iran has agreed to provide Pakistan with crude oil on deferred payment for three months, Foreign Minister (FM) Shah Mehmood Qureshi said on Friday.Qureshi was addressing a joint press conference after talks with Iranian FM Manouchehr Mottaki. Qureshi said under Iranian law, crude oil could be imported on a deferred payment for a maximum of three months and Mottaki had said his government would consider extending the period. The two FMs also agreed to proceed bilaterally with the Iran-Pakistan-India (IPI) gas pipeline project. "Both countries have expressed the desire to finalise this very important project of the pipeline bilaterally, and the third party can join when it is ready," Mottaki said. Qureshi said, "Iran is willing to undertake the IPI project bilaterally. We will also welcome India as it (IPI) will promote regional economic co-operation." Pakistan also welcomed the proposal of purchasing 1,000 Megawatts of electricity from Iran to help overcome electricity shortage. Qureshi said the two sides had also agreed to increase political consultations to help solve the Afghanistan problem. Pakistan also expressed the desire to increase rice export to Iran. Posted by: john frum 2008-10-11 |
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