Russia keen to participate in Iran-Pak-India pipeline project

[NNN0LHI]

http://www.thehindubusinessline.com/2005/11/26/stories/2005112603560300.htm

New Delhi , Nov. 25

RUSSIA on Friday said that it was willing to participate in the proposed Iran-Pakistan-India (IPI) pipeline project. Also, the Russian gas major, Gazprom, was ready to invest in the multi-million dollar project.

Expressing eagerness on the issue, the Russian Minister for Industry and Energy, Mr V. Khristenko, told newspersons at the sidelines of a round table conference on energy that his country had the technological expertise to offer for the pipeline project.

"We have had experience in building undersea pipelines spread over 1,000 km. Our experience and potential in such matters could be utilised," he stated.

"Russia and Gazprom are interested and prepared to share risks along the pipeline route. We hope the stakeholders will begin to share with Gazprom and among themselves the risks and benefits of the ambitious project," Mr Khristenko said.

[bemildred]

1. Kick for another Bush foreign policy defeat. nt