you should get a PhD as well, for your utter lack of knowledge on this issue.
International financing/guarantees are needed to construct the pipeline.
India and China are not constructing a line or permanent structure. Oil is smuggled in and out of Iran and they get paid via barter trade/hundi.
This is why India ran away from IPI long long long long time ago. They just made wrong misdirecting statements back then to pacify leftists in India.
But you will never understand it.
Wrong Fauji.
In this case, your information seems to be incorrect.
International financing is not needed for this pipeline provided Pakistan can cough up resources. Iran has
already constructed the pipeline it had to on its side of the border. The pipeline from Iran is literally there at the Pakistani borders.
International guarantees and insurance are
needed when there is a third party. In this case there are only two parties.
In this case,
1. the issue is
only limited to Pakistan being willing to cough up the money.
2. Pakistan kowtowing to Arab countries wishes along with US.
And as far as India is concerned, we left it for two reasons:
1. US offered us a better deal in exchange for dropping this deal. The NSG exemption post the nuclear deal.
2. Iran was charging an amount FAR higher than what we were willing to pay. Iran was trying to pull a fast one. India is a bulk purchaser of gas. Today we import gas at a
lower price in ships than Iran was willing to sell in pipelines!
Both the issues together meant it was more beneficial to discontinue with the deal.
Heck infact, India even told Pakistan that the prices were too high and to go for collective bargaining. Pakistan refused to see sense and went ahead - perhaps out of its usual instincts to oppose anything India says and stick with one of its numerous 'brother' countries
This has NOTHING to do with sanctions. India and China have been regularly paying Iran for oil in
billions of dollars despite the sanctions.
@
Developereo has also posted something on the issue.