After fourteen years of delayed negotiations over the Iran–Pakistan–India (IPI) gas pipeline project, Pakistan and Iran have finally signed the initial agreement in Tehran on Sunday.The project, termed as the peace pipeline by officials from both countries, has been signed by President Zardari and President Mahmoud Ahmadinejad of Iran on the sidelines of the tripartite summit on Afghanistan security in Tehran.However, talking to the Iranian official news agency IRNA the Iran’s Oil Ministry had said that negotiations on the ‘Peace Pipeline’ project were still underway between Iranian and the Pakistani delegations, which would allow Iran’s gas to be exported to Pakistan.The Pakistani delegation negotiating the project was led by the advisor to the prime Minister on Petroleum Dr Asim Hussain, who is accompanied by petroleum ministry officials and a technical team headed the managing director Inter State gas Systems (ISGC), Syed Hasan Nawab.The ISGS is a semiautonomous body looking after Pakistani interests in the international gas pipeline projects to import gas from Iran and Turkmenistan. The federal cabinet had earlier agreed to allow the import of one billion cubic feet of gas at the rate of 80 per cent of the price of crude oil.
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