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Stock impact report

Iran-Pakistan gas pipeline remains stalled under cloud of sanctions [Reuters]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Reuters
the two neighbours which has faced delays due to geopolitical issues and international sanctions. The two nations reiterated the importance of cooperation in the energy domain, including trade in electricity, power transmission lines and the IP Gas Pipeline Project, a joint statement released following the culmination of the visit said. Report this ad Here are some facts about the project, which is also known as the Peace Pipeline: - The pipeline deal, signed in 2010, envisaged the supply of 750 million to a billion cubic feet per day of natural gas for 25 years from Iran's South Pars gas field to Pakistan to meet Pakistan's rising energy needs. - The pipeline was to stretch over 1,900 kilometres (1,180 miles) - 1,150 km within Iran and 781 km within Pakistan. - Tehran says it has already invested $2 billion to construct the pipeline on its side of the border, making it ready to export. - Pakistan, however, did not begin construction and shortly after the deal said the p Show less Read more
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