Pak requests Iran to finance its share of IP gas pipeline project
The Iranian side of the $7.5-billion project is almost complete
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Pakistan has requested Iran to finance $2 billion to build its part of the controversial Iran-Pakistan gas pipeline.
Petroleum minister Shahid Khaqan Abbasi said the preparatory work for the Iran-Pakistan (IP) gas pipeline project was complete, but it ran into repeated problems to pay for the 780-kilometre section to be built on their side of the border, the Dawn News reports.
According to the report, the Iranian side of the $7.5-billion project is almost complete.
This is said to be the latest setback to the long-delayed section of the pipeline, which is expected to ease Pakistan's chronic gas shortages, the report added.
U.S. officials warned the project would risk triggering sanctions against Iran.
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First Published: Oct 09 2013 | 5:01 PM IST