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imageISLAMABAD: Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi on Thursday informed the Senate that Iran-Pakistan Gas Pipeline Project is constrained by international sanctions and the government hoped that work on the project soon after softening of sections.

Replying to a question in question hours, he said, Iran has cancelled a planned $500 million loan to Pakistan to construct a part of the pipeline.

He said half work on the project is completed. He said China has not offered to finance Pakistan-Iran project. "Pakistan needed the project and wanted to complete it" he added.

To another question? the Minister for Petroleum and Natural Resources said SNGPL has undertaken 18 mega pipeline projects since 2008.

Replying to a question, he said over 2.48 million barrels of oil was produced in the country in October this year. Of this 1.16 million barrels was produced in Khyber-Pukhtunkhwa.

The Petroleum Minister said a total of 29 cities have been provided natural gas by SNGPL and SSGPL since 2010.

He assured that PML-N government will make strong efforts to provide gas to cities of Balochistan.

Copyright APP (Associated Press of Pakistan), 2013


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln