Middle East Economic Survey

VOL. L

No 7

12-Feb-2007

IRAN

Pakistan And India Considering Irans Revised Price Offer For Pipeline Gas

Pakistan and India are considering a revised offer made by Iran on pricing for gas to be delivered through the proposed $7bn Iran-Pakistan-India (IPI) pipeline. IRNA reported on 6 February that, based on a crude oil price of $60/B for a basket of crudes delivered to Japan, the cost of gas in the revised formula proposed by Iran would be $4.93/mn BTU at the Iran-Pakistan...