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Iran and India may sign gas pipe line deal

Iran and India may sign gas pipe line deal Petroleum Minister Murli Deora, after a meeting with his Iranian counterpart Gholam Hosein Nozari, said India will very soon sign an agreement with Iran and Pakistan in connection with the $7.5 billion Iran-Pakistan-India (IPI) transnational pipeline project involving the three countries.

Deora said there were some minor problems which have been sorted out. The project was first mooted in 1994 but has been stalled by a series of disputes over prices and transit fees.

Finance Minister P Chidambaram also accompanied Deora for the talks held on the sidelines of the meeting of world energy ministers in Jeddah to discuss strategies to calm spiraling crude prices.

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