Iran, India Hopeful about Finalizing IPI Gas Pipeline Project

A009056836.jpgIranian and Indian foreign ministers in a meeting on the sidelines of the 62nd UN General Assembly meeting in New York expressed hope about finalizing a multibillion dollar pipeline project which is due to take Iran’s gas to India via Pakistan. During the meeting, the Iranian foreign minister noted the two countries’ historical relations, and underlined the political resolve of both Iranian and Indian officials to further develop the two states’ consolidated ties.

Regarding the Iran-Pakistan-India (IPI) pipeline – also known as the ‘Peace Pipeline’- Manouchehr Mottaki expressed the hope that India could overcome problems to accelerate the endorsement of the final agreement between Tehran, Islamabad and New Delhi.

He also stated Iran’s preparedness to specify a date for Tehran-New Delhi joint economic commission meeting.

For his part, the Indian foreign minister also pointed to the two countries’ “good and progressive relations”, and voiced New Delhi’s readiness to activate the two countries’ joint commission.

Pranab Mukherjee also stated New Delhi’s enthusiasm for witnessing the practical results of the IPI pipeline project, saying that his country is finalizing agreement with Pakistan about the transit fees for transferring Iran’s gas to India.

“We will strive to resolve certain impediments to this plan,” he said.

“The Peace Pipeline is a giant project the materialization of which is important for all the three countries of Iran, India and Pakistan,” the Indian foreign minister added.

Further in the meeting, the two foreign ministers exchanged views about regional issues.

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