During the meeting, an official said, an overview of all gas projects like TAPI, offshore gas pipeline, IP and North-South Gas Pipeline projects was given. Petrol sales surge to 10-month high in FebThe meeting was informed that Pakistan had sufficient oil stocks in the country and that the oil marketing companies had also been directed to maintain enough stocks to provide oil supply to the armed forces in case of any Indian strike. On the TAPI project, officials said that it was at an advanced stage and the TAPI Company was going to achieve financial close. On the Pakistan-Iran Gas Pipeline Project, the officials informed the prime minister that progress on IP project could not be made because of the US sanctions imposed on Iran. It was also informed that Pakistan and Russia had signed a deal for an offshore gas pipeline project.

Source: The Express Tribune March 05, 2019 20:14 UTC