Companies & Finance

Pakistan and Russia to sign $10 bln offshore pipeline deal

Pakistan and Russia are set to sign a $10 billion offshore gas pipeline deal.
By Staff reporter 27 September 2018 0 32701

Pakistan and Russia are set to sign a $10 billion offshore gas pipeline deal in Moscow on Thursday, Pakistani newspaper The Express Tribune has reported.

Pakistan’s cabinet approved the deal during former prime minister Shahid Khaqan Abbasi’s time in office.

Pakistan’s state-owned Inter State Gas Systems will carry out the project in partnership with Gazprom, which will pay for a feasibility study to assess economic viability and cost.