Friday, April 13, 2012

Saudi Arabia lulls Pakistan into quitting IP gas pipeline project

Riyadh has sent a message to Islamabad offering an “alternative package” to meet Pakistan’s growing energy need so that it can abandon the Iran-Pakistan (IP) gas pipeline project, Press TV reports.

The message from Saudi King Abdullah was conveyed by the country’s Deputy Foreign Minister Abdul Aziz bin Abdullah bin Abdul Aziz in his meetings with Pakistani leaders on Tuesday.

Unnamed diplomatic sources in Pakistan said Saudi Arabia has asked the Pakistani government to reconsider its decision to pursue energy cooperation with Iran, which includes the construction of the IP gas pipeline and purchasing electricity and oil from Tehran.

The deputy foreign minister also had a meeting with Pakistani premier Yousaf Raza Gilani during which, a prime minister’s aide said a “special message” from the Saudi monarch was delivered.

Saudi Arabia is said to have offered Pakistan a loan for the construction of a new oil facility to bail the country out of its financial and energy crises. Read More