IP pipeline on schedule: Minister

Says project would be completed within announced time, or government will have to pay $3million per day as penalty.

ISLAMABAD: Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi on Wednesday informed the National Assembly that the Iran-Pakistan gas pipeline would be completed in the stipulated time.

Responding to a question, he said that despite difficulties the project would be completed within the announced time, or the government will have to pay $3million per day as penalty.

The minister said that during last five years 12 companies from Pakistan and abroad have been granted licenses for exploration of oil and gas.

He said around 112 certified workshops are working for testing of gas cylinders.

In order to overcome gas shortage in the country and ensure un-interrupted supply to consumers, the government is vigorously pursuing gas supply from indigenous sources.

Published in The Express Tribune, August 29^th, 2013.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.