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Iran offers Pakistan 80,000 barrels of oil

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By Imad Uddin
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ISLAMABAD: Iran has offered 80,000 barrels of oil to Pakistan on a three-month deferred payment plan, an official in Islamabad said on Wednesday, in an attempt to soften the impact of Western sanctions on Iran and ease some of Pakistan's energy needs.

"It is only an initial offer of 80,000 barrels on deferred payment at the moment," Irfan Qazi, a spokesman for Ministry of Petroleum and Natural Resources, told Reuters.

"We don't know about the modalities or how it can be worked out yet," he added.

"A delegation from the ministry will visit Iran in the middle of March to follow up on this offer."

Copyright Reuters, 2012

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