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Iran to Provide Oil, Credit for Gas Pipeline, The News Says

Feb. 29 (Bloomberg) -- Iran has offered to provide 80,000 barrels of crude oil a day to neighboring Pakistan on three-month payment terms, the News reported, citing Asim Hussain, Pakistan’s minister for petroleum and natural resources.

The Persian Gulf country has also agreed to provide $250 million in credit to the country for completing a $1.3 billion pipeline that will carry natural gas from Iran, the paper cited Hussain as saying.

To contact the reporter on this story: Haris Anwar in Islamabad at hanwar2@bloomberg.net

To contact the editor responsible for this story: Peter Hirschberg in Hong Kong at phirschberg@bloomberg.net

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