Iranian Oil Minister Rostam Qasemi says the Iran - Pakistan gas pipeline project serves the interests of the Iranian and Pakistani nations.
The Iranian oil minister made the remarks during the inauguration ceremony of the final construction phase of the project, which was held on the Iran-Pakistan border on Monday. Despite the efforts made by the enemies of the two countries, the project is moving into its final stages, Qasemi said. He expressed hope that other regional countries would also be able to use Iran’s gas after the project is completed. Iranian President Mahmoud Ahmadinejad and his Pakistani President Asif Ali Zardari officially inaugurated the final construction phase of the multi-billion-dollar project on Monday. Iranian Foreign Minister Ali Akbar Salehi also attended the ceremony. The 2,000-kilometer pipeline, which is projected to cost 1.2 to 1.5 billion, dollars, would enable the export of 21.5 million cubic meters of Iranian natural gas per day to Pakistan. Iran has already constructed more than 900 kilometers of the pipeline on its territory. The Tehran-based Tadbir Energy Development Group will reportedly undertake all engineering procurement and construction work for the first segment of the pipeline which starts from the Iran-Pakistan border, and will cost around 250 million. The Iranian firm will also build the second segment of the pipeline and extend the financing to $500 million in the future. Additional funding is expected to be generated through Pakistan’s Gas Infrastructure Development Cess (GIDC).