Posts tagged as: Natural Gas

New oil discoveries can prove to be fruitful – Pakistan oil and gas sector update

New oil discoveries can prove to be fruitful – Pakistan oil and gas sector update Ministry for Petroleum and Natural Resources assured that per day production of gas would be increased 800 million cubic feet by the month of September. The ministry also said that 38 new reservoirs of oil and gas have been discovered […]

South Asian region needs to create more jobs per year to boost income at corporate level – Part 1

Corporate sector is the main source of income for any country and South Asian sector is not an exception. However, in the past one decade or so, this sector has incurred severe damages because of the negligence from their national governments and the worst case is Pakistan. World Bank’s chief economist for South Asia region […]

South Asian region needs to create more jobs per year to boost income at corporate level – Part 2

The audience however, raised the objection on Ms. Kochhar’s manifesto of “moving away from protecting jobs to protecting workers”. The audience objected that the World Bank should refrain from the propagation of the dogma that labour laws are restricting job creations. The protection of the labour at work and off the pitch is a mandatory […]

Pakistan, the land of opportunity

Pakistan has an abundance of natural resources that can not only meet domestic needs but can also be exported, yet here we sit without gas and electricity. There are five major rivers that flow through Pakistan and countless other smaller rivers and streams. There are doabs (fertile land between two rivers) in abundance. There are […]

Oil up near $104, Iran sanctions support

Oil up near $104, Iran sanctions support * Lower volumes could mean greater volatility SINGAPORE: Oil prices were up near $104 on Friday, consolidating after a heavy sell off earlier in the week, supported by a weaker dollar and concern over US sanctions against Iran, but the eurozone debt crisis continued to weigh. Brent crude, […]

Minister directs SNGPL, SSGCL to glass and market LPG for consumers – Oil and gas update

Minister directs SNGPL, SSGCL the glass, the LPG market * Gap between supply and demand of natural gas has reached a point almost 1000 mmcfd Islamabad: In order to facilitate the domestic gas consumption during the severe gas crisis in the country, the Federal Minister for Petroleum and Natural Resources Dr Asim Hussain directed Sui […]

Pakistan to import more gas from Iran – Pakistan oil and gas sector update

Pakistan to import more gas from Iran – Pakistan oil and gas sector update ISLAMABAD – It has been learnt from reliable sources that federal government of Pakistan has decided to negotiate with Iran to increase its natural gas imports for the running tax year. Currently, Pakistan is importing 750 million cubic meters of per […]

More oil and gas discoveries are need, Petroleum Minister – Pakistan oil and gas sector update

More oil and gas discoveries are need, Petroleum Minister – Pakistan oil and gas sector update PAKISTAN- Minister of Petroleum and Natural Gas Reserves, Muhammad Ejaz Chaudhary has said that Pakistan will need to discover more oil and gas reserves to cope with the demanding challenges of winter in the future. The population of the […]

Government planning to increase rates of Electricity and Natural Gas

Government planning to increase rates of Electricity and Natural Gas In this era of inflation the government of Pakistan is once again planning to crack another bomb on Pakistani Nation by increasing the tariff of Sui-Northern up to 14 per cent and 4 per cent in electricity tariff. According to the statement of a senior […]

Gas import prices to be revised with Iranian authorities

Pakistani government official has announced that the authorities will renegotiate the price agreement for the import of natural gas with the government of Iran shortly. An import agreement has been recently signed between the two countries for the supply of 750 million cubic feet per day (MMCFD) of natural gas by 2014. A $3.6 billion […]

Gas prices to be reviewed with Iran, said Petroleum Minister

Gas prices to be reviewed with Iran, said Petroleum Minister Petroleum Minister Pakistan, Dr. Asim Hussain tld media that gas prices will be reviewed with Iran. “We will definitely renegotiate gas price with Iran. The (gas sales and purchase) agreement with Iran provides for price renegotiation before the commencement of gas flows,” said Minister. Pakistan agreed with […]

Gas prices to be revised with Iran

Pakistani government official has announced that the authorities will renegotiate the price agreement for the import of natural gas with the government of Iran shortly. An import agreement has been recently signed between the two countries for the supply of 750 million cubic feet per day (MMCFD) of natural gas by 2014. A $3.6 billion […]

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