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Country Report Pakistan

  • ID: 2101420
  • July 2015
  • Region: Pakistan
  • 25 Pages
  • The Economist Intelligence Unit

Construction work on a pipeline linking Iran to Pakistan is set to begin in September.

The announcement was made by Pakistan's minister for petroleum and natural resources, Shahid Khaqan Abbasi, in mid-July, in the wake of an agreement between Iran and six world powers over the Islamic Republic's nuclear programme. A deal to build the pipeline-which would deliver gas from Iran to Pakistan-was agreed years ago. However, the construction of the portion of the pipeline on the Pakistan side has been mired in controversy. The Pakistan side of the pipeline was formally inaugurated in March 2013, but little progress has been made on construction since. The authorities in Pakistan have stressed that Western sanctions against Iran were the main reason behind the delay. In February of last year Mr Abbasi stated that the government could not complete its part of the project on schedule by December 2014 because of Western economic pressure on Iran.

The delay on the Pakistan side has strained ties with Iran over the past year or so. Having built their portion of the pipeline, the authorities in Iran had demonstrated their frustration by demanding penalty payments from Pakistan if it did not commence construction. Now that sanctions against Iran are in the process of being lifted, Pakistan has little reason not to commence work on the pipeline.

Industry List: Energy, Oil and gas
Industry Codes (NAIC): 22
Industry Codes (SIC): 49

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Country Report Pakistan

Work on gas pipeline set to begin in September
Event
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