1.
Drones over U.S. may pose security risks
ISLAMABAD, Pakistan, May 29 (UPI) -- Pakistan and Iran signed an agreement to supply Iranian gas to Pakistan through a $7.5 billion pipeline to be completed in 2014, officials said.
Under the 25-year supply agreement, Pakistan will import 750 million cubic feet a day with a provision to increase that to 1 billion cubic feet a day, the Dawn newspaper reported.
The imported gas will account for about 20 percent of Pakistan's current gas production and will be used by the country's power sector to generate about 5,000 megawatts of electricity, Dawn said.
Pakistan's section of the pipeline project is estimated to cost $1.65 billion.
Construction of the pipeline would create jobs, vocational training and development for the impoverished Balochistan and Sindh areas, Pakistan's Petroleum Minister Naveed Qamar said.
"The … project," he said, "will be another testimony of the long historic and cordial relations between Pakistan and Iran."
|
|
|
| Additional Business News Stories | |
BAGHDAD, Feb. 10 (UPI) --
Iran has been plundering oil from southern Iraq, a theft on a grand scale that's helping Tehran withstand sanctions aimed at throttling its oil exports.
|
ARLINGTON, Va., Feb. 10 (UPI) --
The United States and Israel have flight tested the Arrow Weapon System to evaluate and verify the missile system's Block 4configuration.
|
Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
|
Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
|
| Stories | Photos | People | Comments |
View Caption
