Archive for March 2nd, 2012
Recently Iran agreed to export 80,000 barrels crude per day to Pakistan. Pakistan requested a loan of $500 Million from Iran for the pipeline to be built. Iran refused for $500 million but agreed for half the amount – $250 million. This loan of $250 million doesn’t have the interest rate decided or the loan repayment length. The fun does end here. Russia is “pressuring” Pakistan to award a $1.2 Billion Oil Pipeline ‘no-bid’ contract to Gazprom, a Russian firm that has used its economic clout for political gains in Europe.