Saturday, July 15, 2006

No gas sale to India, Pakistan for now: Iran

Iranian Oil Minister Kazem Vaziri-Hamaneh said Iran will not sell its gas to India and Pakistan at their proposed price, IRNA reported. READ MORE

Speaking to reporters, Hamaneh said the price proposed by India and Pakistan is based on their domestic prices.

Vaziri-Hamaneh noted that the agreement with India about transferring gas has not been finalized yet.

"If the Indian side is not ready to buy our gas at its real price, we have no obligation to sell it at the price lower than the real one," he said.

He said India and Pakistan should forget buying Iran's gas in the low price.