Madrid: India expects to finalize a deal “by next month” on a pipeline that will transport gas across the subcontinent from Iran, oil minister Murli Deora told AFP on Thursday.
He said the $7.5 billion (Rs32,475 crore) project to bring gas from Iranian fields to India and Pakistan had been discussed on the sidelines of the 19th World Petroleum Congress (WPC) industry event in Madrid.
“We discussed this here again yesterday (Wednesday). There should be an end to dialogue now,” Deora said in an interview with AFP at WPC when asked about the project. “The only issue is where to take the delivery, the delivery point,” he said, adding that the two options were on the India-Pakistan border or the Pakistan-Iran border.
“But these things are being sorted out at a very high level now, and I hope by next month things will be okay,” he said.
Asked when the deal could be signed, Deora said: “I hope by next month.”