March 17 2010
Pakistan and Iran signed the Heads of Agreement (HOA) and Operational Agreement (OA) in Istanbul on March 16. The Federal Minister of Petroleum and Natural Resources Syed Naveed Qamar described the signing as a historic achievement and a milestone towards meeting the energy needs of the country. He also emphasized completion of the project within the stipulated timeframe to meet the urgent energy needs of the country.
Interestingly, the HOA might also involve the transportation of Indian gas through Pakistani territory if India decides to join the project. As per the HOA, Pakistan will have the right to charge a transit fee in return for the secure transit of Indian gas. According to the HOA, the Transportation Tariff will be calculated in line with international practices.
Interestingly, the HOA might also involve the transportation of Indian gas through Pakistani territory if India decides to join the project. As per the HOA, Pakistan will have the right to charge a transit fee in return for the secure transit of Indian gas. According to the HOA, the Transportation Tariff will be calculated in line with international practices.
