Iranian deputy oil minister Ali Majedi explains new Pakistan-Iran pipeline proposal.

The Pakistani government presented a proposal to complete the Iran-Pakistan gas pipeline to Iran’s Petroleum Ministry, Iranian deputy oil minister Ali Majedi said Wednesday.

The plan offers different ways to accelerate the completion of the pipeline.

The Iranian half of the pipeline is complete.

The pipeline is expected to cost a total of $1.5 billion.

Iran has already committed $500 million to finance the Pakistani half of the pipeline.

In 2010, the two countries agreed to finish the pipeline by 2014.

In 2013 U.S. consul general Michael Dodman threatened Pakistan with economic sanctions if it didn’t abandon the project.

U.S. sanctions against Iran halted construction in 2013.

In January of 2014, the U.S. said it remained opposed to the pipeline.

The White House has not commented on the new proposal.


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