Summary Abbasi says Pakistan has intensified its efforts to materialise Pak-Iran gas pipeline project.
ISLAMABAD (Dunya News) - Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that that Pakistan will find an opportunity to complete the proposed gas pipeline project within a year.
Addressing to National Assembly Standing Committee on Petroleum and Natural Resources meeting, the minister said that Pakistan has intensified its efforts to materialise Pak-Iran gas pipeline project. He said that it seems that situation is appropriate to materialise proposed the project following inking a deal on Tehran’s nuclear programme between Iran and world powers.
Shahid Khaqan Abbasi said that the gas pipeline project delayed due to political transition in the duo countries however now once again the whole process is back on track. He said that EPC contractor and finance are the key issue in this project however; these would be settled in near future.
He said that two hundred million worth CNG pilfered by a station in a year. One percent gas theft is equal to 3.2 billion rupees which is huge amount however; ministry is taking steps to reduce the theft, Abbasi informed.
Earlier, talking about fluctuation in petroleum prices, Khaqan Abbasi said that this time prices will remain stable. He stated that prices of petroleum products are declining in the international market therefore prices of oil products would remain stable in the country.
