07-19-2005, 12:35 AM
<b>Mudy Ji :</b>
Just found both the Articles :
<b><span style='font-size:14pt;line-height:100%'>Iran-India gas pipeline to cost over $7 billion</span></b> <!--emo&:furious--><img src='style_emoticons/<#EMO_DIR#>/furious.gif' border='0' style='vertical-align:middle' alt='furious.gif' /><!--endemo-->
July 13, 2005 16:49 IST
The Iran-Pakistan-India pipeline is likely to cost $7.4 billion mainly due to increase in steel prices.
The revised cost of the pipeline project, available with the Indian government is substantially more than the $4.16 billion cost estimated by BHP Bhiliton of Australia, who had conducted a pre-feasibility study of the pipeline for Iranian government some time back.
<b>The Indian government estimates that the project cost may go to as high as $8.16 billion if there is a 10 per cent escalation in raw material costs over the next five years when the project is slated for construction, sources said.</b>
The capex may come down $6.67 billion if there is a 10 per cent decrease in raw material cost.
The Indian side at the first India-Pakistan joint working group meeting suggested three options for building the pipeline.
It either wanted Iranian companies to own and operate the pipeline and deliver gas to India at the India-Pakistan border or a consortium of Iranian, Indian and Pakistani and international companies to own and operate the pipeline.
Under the third option, it proposed that India and Pakistan buy gas in Iran and transport it through a pipeline owned by international companies.
Also the earlier one :
<b>India, Pak make 'good progress' on gas pipeline</b>
July 12, 2005 12:28 IST
Last Updated: July 12, 2005 18:24 IST
<img src='http://in.rediff.com/money/2005/jul/12lead.jpg' border='0' alt='user posted image' />
<b>PYAAR HUWA IKRAAR HUWA HAI</b>
<b>India and Pakistan on Tuesday reported good progress in talks on finalising framework and a timetable for building the $4.16 billion Iran-Pakistan-India gas pipeline.</b>
"A range of issues was discussed, including technical, commercial, financial and legal. All sets of issues were discussed in an open and candid manner. We have some understanding on most of the issues," Pakistan's Petroleum Secretary Ahmed Waqar told reporters at the end of first day of talks with India.
India's Petroleum Secretary S B Tripathy made a detailed presentation on the issues concerning the project. "Principles have been laid down. Good progress has been made and we are very satisfied," Waqar said, adding the talks will continue on Wednesday at the end of which a joint statement would be issued.
Waqar said the Islamabad meeting between Union Petroleum Minister Mani Shankar Aiyar and his Pakistani counterpart Amanullah Khan Jadoon was "more of broad indication of seriousness of parties concerned to take talks forward. This joint working group will lay down some milestones, timeliness and concrete steps to be taken for achieving the project."
Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->
Just found both the Articles :
<b><span style='font-size:14pt;line-height:100%'>Iran-India gas pipeline to cost over $7 billion</span></b> <!--emo&:furious--><img src='style_emoticons/<#EMO_DIR#>/furious.gif' border='0' style='vertical-align:middle' alt='furious.gif' /><!--endemo-->
July 13, 2005 16:49 IST
The Iran-Pakistan-India pipeline is likely to cost $7.4 billion mainly due to increase in steel prices.
The revised cost of the pipeline project, available with the Indian government is substantially more than the $4.16 billion cost estimated by BHP Bhiliton of Australia, who had conducted a pre-feasibility study of the pipeline for Iranian government some time back.
<b>The Indian government estimates that the project cost may go to as high as $8.16 billion if there is a 10 per cent escalation in raw material costs over the next five years when the project is slated for construction, sources said.</b>
The capex may come down $6.67 billion if there is a 10 per cent decrease in raw material cost.
The Indian side at the first India-Pakistan joint working group meeting suggested three options for building the pipeline.
It either wanted Iranian companies to own and operate the pipeline and deliver gas to India at the India-Pakistan border or a consortium of Iranian, Indian and Pakistani and international companies to own and operate the pipeline.
Under the third option, it proposed that India and Pakistan buy gas in Iran and transport it through a pipeline owned by international companies.
Also the earlier one :
<b>India, Pak make 'good progress' on gas pipeline</b>
July 12, 2005 12:28 IST
Last Updated: July 12, 2005 18:24 IST
<img src='http://in.rediff.com/money/2005/jul/12lead.jpg' border='0' alt='user posted image' />
<b>PYAAR HUWA IKRAAR HUWA HAI</b>
<b>India and Pakistan on Tuesday reported good progress in talks on finalising framework and a timetable for building the $4.16 billion Iran-Pakistan-India gas pipeline.</b>
"A range of issues was discussed, including technical, commercial, financial and legal. All sets of issues were discussed in an open and candid manner. We have some understanding on most of the issues," Pakistan's Petroleum Secretary Ahmed Waqar told reporters at the end of first day of talks with India.
India's Petroleum Secretary S B Tripathy made a detailed presentation on the issues concerning the project. "Principles have been laid down. Good progress has been made and we are very satisfied," Waqar said, adding the talks will continue on Wednesday at the end of which a joint statement would be issued.
Waqar said the Islamabad meeting between Union Petroleum Minister Mani Shankar Aiyar and his Pakistani counterpart Amanullah Khan Jadoon was "more of broad indication of seriousness of parties concerned to take talks forward. This joint working group will lay down some milestones, timeliness and concrete steps to be taken for achieving the project."
Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->