Mar 13, 2023, 12:31 AM
News ID: 85055374
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Pakistan trying to implement mechanism to buy LPG gas from Iran

Mar 13, 2023, 12:31 AM
News ID: 85055374
Pakistan trying to implement mechanism to buy LPG gas from Iran

Tehran, IRNA – Pakistan energy minister is visiting Iran while Islamabad is trying to implement a law that facilitates payment of the LPG gas that Pakistan imports from Iran.

Simultaneously with the visit of the Pakistani energy minister to Iran, a delegation of Iranian companies involved in gas distribution, refinery of gas derivates, and petrochemical industries, including the Pasargad Oil Company and Iran Press Gas, are meeting with the managing director of Pakistan's state gas company which is responsible for provision of that country's southern Baluchistan and Sind provinces.

The managing director had also a simultaneous meeting with the Iran consul general in Karachi.

The consul general of the Islamic Republic of Iran in Karachi Hassan Nurian, in his meeting with the managing director sought ways for expansion of bilateral cooperation, especially between the private sector firms of the two countries.

The managing director of Pakistan's state gas company referred to the obstacles created by the west in the way of Iran-Pakistan trade, arguing, "Pakistan is determined to increase its LPG gas imports from Iran, and of course a mechanism for paying the price for the imported gas from Iran, too, must be devised."

He said that the bartered deals, or other mechanisms mutually agreed by both sides can facilitate the finalizing of that deal.

The Pakistani official said that there are new no-money-transfer methods for payment, through which we can pass the hard currency hurdle.

The Iranian consul in Karachi, too, said that the Iranian companies are ready for cooperation with Pakistan in gas and petrochemical products' fields and proposed that the managing director of the Pakistani state gas company will visit Iran, which was welcomed by the Pakistani side.

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