Talks underway for final stage of Iran-India pipeline

Iran Oil Minister Kazem Vaziri-Hamaneh says that negotiations for the final stage of gas pipeline is underway and the Iran section is close to 50 per cent complete.

Iran Oil Minister Kazem Vaziri-Hamaneh said on Monday that negotiations for the final stage of the Iran-Pakistan-India gas pipeline is underway and the Iran section is close to 50 per cent complete.

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"I think negotiations for the final stage is underway. Hopefully there will be a result soon," he told CNBC in an interview. A copy of the transcript was obtained by Reuters.

"As far as the project is concerned, for the Iranian section, work has already started. Maybe close to 50 percent is complete and it is continuing."