Iran agrees to build oil refinery at Gwadar

afako

Hindufying India
Senior Member
Joined
Aug 18, 2010
Messages
3,718
Likes
21,139
Country flag
Pipedream? - Dr Farrukh Saleem

The good news is that the cost of the Pak-Iran gas pipeline has come down from $1.5 billion to $1.3 billion. The bad news is that neither Iran nor Pakistan has $1.3 billion. The good news is that President Zardari will be inaugurating the pipeline on Monday. The bad news is that a 'pipedream' is being inaugurated, not a pipeline.

There are two major prerequisites to building the pipeline: money and technology. There are two sources that have the money: Chinese banks and western financial institutions. There are two sources that have the required technology: Gazprom, the Moscow-based gas giant and western pipeline entities. On March 14, 2012, the Beijing-based Industrial and Commercial Bank of China Ltd (ICBC) backed out of a deal to finance the Pak-Iran gas pipeline. On May 14, 2012, Gazprom, the largest extractor of natural gas in the world, pulled out of the Pak-Iran pipeline project.

No money, no technology. All politics. Lately, the Americans seem to be ditching our president and our president is out with a double-edged sword: annoy the Americans and when the project actually fails the next rulers in Islamabad can be conveniently held responsible for the failure.

The Iranians are completely isolated and are therefore playing along pretending that they are still interacting with other countries of the world. On February 6, 2012, Iran defaulted on payments for wheat imports from Ukraine. On February 7, 2012, Iran defaulted on payments worth $144 million for rice shipments from India. Conclusion: Iran has no hard currency left in its reserves.

The good news is that Iran is desperate to deal with Pakistan. The bad news is that South Pars gas field's reserves are yet to be ratified by a third party. The good news is that Sui Northern and Sui Southern are charging us around $3.50 per unit of gas. The bad news is that Iranian gas price is pegged to the price of crude and at the current level Pakistani consumers would have to cough out around $13 per unit of Iranian gas. More recently, Pakistan has asked Iran to revise the price of gas downwards from 78 percent of crude to 70 percent of crude (Iran has refused to renegotiate the price downwards).
As I said neither Islamic Republic of Pakistan nor Islamic Republic of Iran has the Industrial, Financial or Technological Capability to make the Refinery and the Pipeline.
 

farhan_9909

Tihar Jail
Banned
Joined
Aug 30, 2012
Messages
5,895
Likes
497
Is he some sort of govt official or what?


Mod Edit: Infraction handed
 

roma

NRI in Europe
Senior Member
Joined
Aug 10, 2009
Messages
3,582
Likes
2,538
Country flag
fell into the trap !!! ~ ~ this is just what the israel-USA coalition needs !! for IRAN to join the otherwise seemingly neutral China-pak Gwadar alliance - and i dont think israel is goiong to miss the opportunity to try to get india somehow involved !

now israel will be brought into the picture because there will be a highly potential likelihood of an IRAN-china alliance for the supply of arms to the former and israel is not gonna remain silent about that

evil has a way of getting together and attracting a response doesnt it ? - NEW AXIS OF EVIL - with a new member - pak
 

Latest Replies

Global Defence

New threads

Articles

Top