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Latest Business News

India, Pakistan, Iran Near Gas Deal

Friday, June 29, 2007 6:19:38 AM
By ASHOK SHARMA

NEW DELHI (AP) - India, Pakistan and Iran are close to signing an agreement on transporting natural gas from Iran to the two South Asian countries via a land pipeline by 2011, Indian officials said Friday.

India and Pakistan appear to be moving forward on the deal despite U.S. opposition to the $7 billion pipeline because Washington fears it would weaken efforts to isolate Iran, which it accuses of running a clandestine nuclear weapons program.

The three countries were confident of resolving all issues on the project by next month, India's petroleum secretary M.S. Srinivasan told reporters.


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