The US media has warned that the Iran-Pakistan gas pipeline might lead to sanctions against Islamabad, although the State Department says sanctions will only become effective if Pakistan finalises the deal. President Asif Ali Zardari announced on Saturday and again on Sunday that his government would continue to pursue the 7.5 billion-dollar project despite America's opposition. The Wall Street Journal was the first to report that Pakistan risked imposition of stringent US and UN sanctions if the proposed Iran-Pakistan pipeline deal went through. Other US media outlets too joined in warning Pakistan that the US would not hesitate to impose sanctions if the deal was concluded, reports The Dawn. But the US State Department has been more cautious in using warning threats against Pakistan to force it to abandon the gas pipeline deal. Three times this week, State Department's spokesman Patrick Ventrell was asked if the US was ready to impose sanctions on Pakistan and each time he pointed out that the deal had not yet been finalised. In each briefing, he also underlined Pakistan's acute energy needs and said the US was ready to offer better alternatives to the Iran pipeline. Iran has already built more than 900 kilometres of the pipeline on its soil and is also offering financial assistance to Pakistan for construction on its side. The US, however, believes that the project violates sanctions on Iran's nuclear programme. In his latest comments, Ventrell warned that finalising the deal would indeed cause serious violations of America's sanction laws. He said that as a current member of the International Atomic Energy Agency's board of governors and of the UN Security Council, Pakistan had "an obligation to join multilateral efforts to convince Iran to adhere to international nuclear obligations". Albawaba Business
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor