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Tuesday 25 February 2014

Pak-Iran pipeline not possible due to US sancions: Abbasi

ISLAMABAD: Pakistan  on Tuesday said that work on a pipeline to import gas from Iran cannot proceed because of sanctions imposed by the United Sates and the European Union on Tehran.

The Iranian side of the $7.5 billion project is almost complete, but Pakistan has run into repeated problems paying for the 780 kilometer (485 mile) section to be built on its side of the border.

Last year, Pakistan had asked Iran for $2 billion in financing to build its side of the controversial gas pipeline.


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