Pakistan and Iran signed on Friday an agreement for supply of gas from Iran through the $7.5 billion pipeline project to be completed by the end of 2014. The cost for the Pakistan section of the project is estimated at $1.65 billion.

The ‘sovereign guarantee’ agreement was signed by S.R. Kasaezadeh, Managing Director of the National Iranian Oil Company, and Irshad Kaleemi, Joint Secretary of the Ministry of Petroleum and Natural Resources. Petroleum Minister Naveed Qamar and Secretary Kamran Lashari attended the signing ceremony.


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