Pakistan and Iran reach agreement on unmet gas deal
has convinced Iran to step back from demanding $200m a month from January 1 to compensate for Islamabad’s failure to begin receiving gasfield, according to the country’s minister for petroleum. The “new understanding” between the countries revealed by Shahid Khaqan Abbassi removes for now a “take or pay” obligation on Pakistan to compensate Iran whether or not it receives anything under a contract linked to the/ “We have a new understanding with Iran,” Mr Abbassi told the Financial Times. “There will be no penalty applicable from January 1 ...
Click
To Read Full Article