Companies & Finance

Rostec chosen to build North-South pipeline in Pakistan

Russia’s Rostec, which has been selected to build Pakistan’s North-South pipeline, has secured financing for the project.
By Staff reporter 9 January 2018 0 29016

Russia’s Rostec, which has been selected to build Pakistan’s North-South pipeline, has secured financing for the project, according to the Nikkei Asian Review.

Rostec subsidiary RT Global Resources has struggled to secure financing since being targeted by Western sanctions.

Now financing is in place the project is cleared to begin construction. The pipeline will transport LNG imported into Karachi north to Lahore.

Russia is also seeking to invest in projects to deliver gas to South Asia – including a pipeline from Iran...