Iran offers Pakistan 80,000 bps of crude - officialFebruary 29, 2012 - 20:12 AMT PanARMENIAN.Net - Iran has offered to supply Pakistan with 80,000 barrels of crude oil per day and a $250 million loan to help build a gas pipeline from the Iranian border, a Pakistani official said Wednesday, February 29. A Pakistani delegation will visit Iran in the middle of March to discuss the mode of payment, the official from the petroleum ministry said, according to AFP. Although the United States objects strongly to the pipeline project, Pakistan appears determined to press ahead importing fuel from its western neighbour under a deal expected to start providing gas in 2014. Nuclear-armed Pakistan suffers from a crippling energy shortage and insists it cannot do without the fuel from Iran, subject to increasing EU and US sanctions over its controversial nuclear programme. "Iran has offered to supply 80,000 barrels of crude oil per day on deferred payment to Pakistan," said the official, speaking on condition of anonymity because he was not authorised to speak to the media. "Iran has also agreed to provide $250 million as credit to Pakistan for the gas pipeline project," he added. Pakistani Oil Minister Assem Hussein was quoted in the local media as confirming the 80,000 barrels and $250 million loan.   Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot".   Partner news |  Latest news Atom Egoyan film coming to Golden Apricot Yerevan Festival  Canadian-Armenian filmmaker Atom Egoyan’s latest film, Seven Veils, is the opening film at GAIFF 2024.Armenia denies more of Azerbaijan’s ceasefire violations Yerevan has denied statements from Baku accusing the Armenian army of violating the ceasefire on the border with Azerbaijan.Israel warns of “serious consequences” after Armenia recognizes Palestine Dmitry Gendelman said the move will have “serious long-term consequences” for Israel-Armenia relations.French envoy travels to Armenia’s Syunik French ambassador to Armenia Olivier Decottignies visited the town of Goris in the country’s southern Syunik province. |
