Tag: IraN

Iran, Russia agree on 55 bcm of gas supplies, nuclear plant funding

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Nuclear-Power

MOSCOW: Moscow and Tehran have reached a deal on 55 billion cubic metres of Russian gas supplies a year, though prices are yet to be agreed, while Russia also pledged to fund construction of a new nuclear power plant in Iran, officials said on Friday. The preliminary agreements came as the United States is looking to isolate Iran from the rest of the world unless Tehran agrees to a new deal for inspections of its nuclear facilities. Russia has deepened ties with Iran since the start of the military conflict…

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Iran Offers the Cheapest Petrol Globally, While Pakistan Ranks 36th

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Petrol-Diesel

ISLAMABAD: Pakistan ranks 36th among the world’s cheapest petrol markets, with Iran offering the lowest petrol price at Rs7.98 per liter, while Hong Kong tops the list of the most expensive at Rs950 per liter, according to a report by Global Petrol Prices and CNBC on January 27, 2025. Ranking of South Asian CountriesAmong South Asian nations, Bhutan ranks 22nd, Afghanistan 31st, the Maldives 34th, Nepal 75th, and Sri Lanka 86th in terms of petrol affordability. Meanwhile, Bangladesh ranks 46th and India 73rd. For diesel prices, Pakistan ranks 45th, Bangladesh…

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Pakistan Appeals for US Waiver on IP Gas Pipeline Amid Energy Needs

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iran-gas-pipeline

Pakistan is making a case for a US waiver regarding the Iran-Pakistan (IP) gas pipeline to address its pressing energy requirements and avoid potential penalties amounting to $18 billion if Iran opts for arbitration through a France-based mechanism. In a letter addressed to President Joseph R. Biden, an energy and water consultant and adviser to the Centre for Research and Security Studies (CRSS), Arshad H. Abbasi, underscored Pakistan’s strategic alignment with the US historically, particularly during significant global events such as the USSR invasion of Afghanistan. However, Abbasi pointed out…

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Pakistan and Iran to Strengthen Economic and Energy Ties, Emphasize Regional Stability

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Pak-Iran

During President Ebrahim Raisi’s visit to Pakistan, both countries emphasized enhancing economic cooperation and addressing regional challenges. The visit resulted in a joint statement outlining key areas of collaboration and mutual understanding. One significant outcome is the commitment to expedite the Free Trade Agreement (FTA) between Pakistan and Iran, highlighting the importance of economic integration and trade facilitation. Additionally, cooperation in the energy sector, including trade in electricity, power transmission lines, and the IP gas pipeline project, was reaffirmed, underscoring the shared interest in energy security and sustainability. Furthermore, both…

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Pak-Iran trade volume ‘unacceptable’, to be increased to $10bn: Raisi

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Iran-Pakistan

Iran and Pakistan have decided to increase the trade volume between the two countries to $10 billion, Iranian President Ebrahim Raisi said on Monday, adding that the existing volume was “not acceptable”.Raisi — who is currently on a three-day visit to Pakistan — made the remarks during a joint press conference alongside Prime Minister Shehbaz Sharif after the two held a meeting in Islamabad. The visit is the first of its kind by any head of state after the February 8 general elections.“We are committed to strengthening relations at high…

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