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India to join Pakistan-Iran gas pipeline project

LAHORE - Pakistan's federal minister for petroleum and natural resources, Naurez Shakoor, has said that India has agreed to be part of the proposed Pakistan-Iran gas pipeline project.

He said the government was currently in negotiations with Iran.

The project was discussed by Indian Foreign Minister Natwar Singh during his recent visit to Pakistan. Singh said India was interested in joining the project.

Concerning the recent increase in the gas tariffs, the minister said it was in no way a financial burden on people, and added that the increase was just Rs 5 (US$0.10) for Rs 100, which is "peanuts".

However, he pointed out that if a big discovery of gas reservoirs was made in the country, the government might withdraw the increase and pass the benefits on to consumers.

(Asia Pulse/PPI)

Aug 4, 2004

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