• 6 minutes WTI @ 67.50, charts show $62.50 next
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Starvation, horror in Venezuela
  • 3 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 20 mins The EU Loses The Principles On Which It Was Built
  • 2 hours Crude Price going to $62.50
  • 8 hours Anyone Worried About the Lira Dragging EVERYTHING Else Down?
  • 1 hour Chinese EV Startup Nio Files for $1.8 billion IPO
  • 13 hours Correlation does not equal causation, but they do tend to tango on occasion
  • 12 hours Oil prices---Tug of War: Sanctions vs. Trade War
  • 8 hours Why hydrogen economics is does not work
  • 1 hour WSJ *still* refuses to acknowledge U.S. Shale Oil industry's horrible economics and debts
  • 22 hours California Solar Mandate Based on False Facts
  • 12 hours Russia retaliate: Our Response to U.S. Sanctions Will Be Precise And Painful
  • 21 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 14 hours Monsanto hit by $289 Million for cancerous weedkiller
Alt Text

Trump vs Iran: A War Of Words

As U.S. sanctions on Iran…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Iran-Pakistan: Western Pipeline Nightmare

Incident: The National Iranian Gas Company has announced it will begin construction of the Iran-Pakistan (IP) pipeline within 30 days. Construction will start on the Pakistani side with the first 700 kilometers that will run to the Iranian border. Iran will then build 300 kilometers of the IP pipeline on its territory, to connect up with the Pakistani border. Starting in 2014, the pipeline will transport 2.15 million cubic meters of gas per day to Pakistan. Iranian banks are assisting Pakistan with its portion of the pipeline financing with some $750 million in loans and equipment.

Bottom Line: Pakistan needs this pipeline desperately, and Iran is intent on seeing it go through—to the extent of ensuring the financing of the bulk of the project. The West is equally determined to sabotage it. The fact that the pipeline runs through some extremely insecure territory in Balochistan will make its success questionable and this is likely to become the new frontline in the pipeline wars for 2013.

Analysis: This pipeline is a necessity especially for Pakistan, but it won’t go down without some major challenges. The pipeline will run through some tough territory—Pakistan’s south-western province of Balochistan, which borders Afghanistan and Iran’s own restive Balochistan province. The US and Saudi Arabia have fought tooth and nail to get Pakistan to give up on the pipeline project with Iran. But this is a losing battle. Pakistan is starved…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News