Thursday, February 9, 2012

Iran offers Pakistan oil supply on soft terms

With a decline in oil export  to the world market due to new US and European Union sanctions, Iran has offered to provide Pakistan oil on long-term deferred payments by laying a pipeline between the two countries.
The offer, which may also benefit Afghanistan, was made by Iranduring a recent visit to Pakistan by its International Affairs Vice President Ali Saeedlou.

Iranian oil supply to the world market has declined by 20% following the embargo imposed by the US and EU.


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