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Ministry for Petroleum and Natural Resources’ clarification regarding award of contract for laying of Iran Pakistan Pipeline

Islamabad, April 03, 2013 (PPI-OT): This is apropos news item published in Business Recorder and Pakistan Post, April 3, 2013 regarding award of contract for laying of Iran Pakistan Pipeline to Tadbir Energy Company of Iran. It is clarified that the news item is baseless, misleading and replete with inaccuracies. It is to be clarified that no inquiry is being conducted at any level in the Government regarding the award of the contract.

Tadbir Energy was nominated for the project under the Government to Government agreement by Iran; the G to G agreement was decided after mutual consultations and was agreed at the highest level. Under the G to G arrangement, a $500 million funding facility in lieu of services will be provided by Iran. To allege that $450 million have been received in kickbacks out of a total amount of $500 million is a figment of anyone’s imagination and completely bogus claim.

Moreover, the nominated entities of both the Governments are negotiating the Engineering Procurement Construction (EPC) contract. The contract, contrary to what has been alleged, has not even been awarded to anyone as yet.

The Statistics that have been provided in the report are most untruthful. Moreover, Mr. Mobin Saulat, the present Managing Director, was not appointed after the departure of Mr. Hassan Nawab. Two Managing Directors had served ISGS prior to Mr. Saulat’s appointment which was made in accordance with the laid down procedure, rules and regulations.

Such speculative and unfounded stories can only damage, what is the most important project, in overcoming Pakistan’s debilitating energy crisis, foreign investment and our bilateral relations in the comity of nations.

For more information, contact:
Irfan Ashraf Qazi
Public Relations Officer
Ministry for Petroleum and Natural Resources
Mobile: 0334-4487654
Tel: +9251 921 0220 -9206416
Fax: +9251 921 3180
Email: minister@mpnr.gov.pk

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