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2008-07-03

India, Iran pipeline deal 'by next month'

14pipeline


India expects to finalise a deal "by next month" on a pipeline that will transport gas from Iran, Oil Minister Murli Deora told on Thursday.


"We discussed this here again yesterday," Deora said in an interview on the sidelines of the World Petroleum Congress in Madrid when asked about the project. "There should be an end to dialogue now."


"The only issue still being negotiated is the delivery point. We wanted it on the border of India and Pakistan and they were suggesting on the border of Pakistan and Iran."


"But these things are being sorted out at a very high level now, and I hope by next month things will be okay," he said.


Asked when the deal could be signed, he said: "I hope by next month."

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Disclaimer

Ours is an advisory role. The final decision and consequences based on our Information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice.