Iran Meets Pakistan Over IPI Pipeline Project

This story links back to the previous post here. Now we get to see how Pakistan plays into all this.

clipped from www.hindu.com Islamabad, (PTI): Iranian Foreign Minister, Manouchehr Mottaki, on Friday met his Pakistani counterpart Inam-ul Haque and both the leaders reviewed progress in the multi-billion dollar gas pipeline project, in which India is the third party. The two foreign ministers reviewed progress in talks about the Iran-Pakistan-India gas pipeline, officials said. Recently, Iran and Pakistan held talks in Tehran, without India's participation, to finalise crucial agreements for the project. Mottaki also met President Musharraf who called for expediting work on the gas pipeline project. Musharraf, during meeting with Mottaki, backed Iran's efforts to make peaceful use of atomic energy and opposed the use of force to resolve the issue of its nuclear programme.

The Hindus are moving into Iran

India is to invest billions to develop Iranian oil fields while Pakistan votes on who gets murdered next. Strange times. Sorry, my cynical side is showing.

clipped from sify.com ONGC and Hinduja Group may invest $10 billion for developing oil and gas fields in Iran. R.S. Sharma, ONGC Chairman and Managing Director, told newspersons here today that, “the development of South Pars gas field Phase-12 and Azadegan oil field will cost $5 billion each.” The Azadegan oil field may hold reserves of as much as 40 billion barrels, he said. “Our first round of discussions has been very positive. We are proceeding cautiously but steadily. The areas have huge potential,” he added In fact, Hindujas have evinced interest in picking up a majority stake in the refinery project. ONGC’s subsidiary Mangalore Refinery is to hold 26 per cent stake in Kakinada Refinery Petrochemicals Ltd, the company set up to implement the refinery project. IL&FS is to hold 51 per cent stake and the balance is expected to with an Andhra Pradesh Government-appointed agency.

Winning the Oil Endgame

Amory Lovins, while at TED, talks about how to wean the US off of its oil dependency. He makes a very reasonable argument about how to do so while both helping the economy and maintaining national secuirty.

Download the book "Winning the Oil Endgame"

Source: TED