US sanctions inapplicable on Pak-Iran gas pipeline: Shakri

KARACHI: Irani Ambassador in Pakistan Mashallah Shakeri Friday said the sanctions placed on Iran by the US will not affect Iran-Pakistan gas pipeline project which was signed much before the fresh restrictions.

Talking to Geo News, the Irani Ambassador said China, Turkey and European Union have signed several accords with Iran in energy sector and ruled out their being affected by the fresh round of US sanctions on the energy rich country.

Shakeri said with India onboard, the gas pipeline project was originally to cost 60 billion dollars. The laying of the gas pipeline within Pakistan may cost it 1.6 billion dollars.

He said a discussion of obtainment of financial assistance from international institutions is a bit pre-mature at this time.