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Pact on Iran gas pipeline by June
India is hopeful that an agreement with Iran on the proposed gas pipeline will be signed by June this year. "I am going to Tehran in June and hope this would act as a catalyst in furthering an agreement on import of natural gas through pipeline passing through Pakistan", Petroleum Minister Mani Shankar Aiyar told newspersons after a meeting with Iranian Ambassador Siyavash Zaragar Yaghoubi here. Mr Aiyar said that Iran will sign two different sets of agreements—one each with Pakistan and India. The agreement with India will envisage delivery of natural gas at India's borders, "the second would be between Iran and Pakistan on how the gas is to be transported to the Indian border". Meanwhile, Mr Aiyar also launched futures trading in crude oil initiated by the Multi Commodity Exchange of India Ltd (MCX). The Minister said that the importance in the external aspect of pursuing energy security has opened a plethora of opportunities. "As there is no fully matured Asian oil market at present, we need futures market to achieve that", he said. Posted by: Anonymoose 2005-02-11 |
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