Pakistan News

    Iran Oil And Gas Reserves Of Pakistan

  • Oil and gas reserves found in Mianwali

    ISLAMABAD: The Mari Petroleum Company Limited (MPCL) announced on Friday to have discovered reserves of crude oil, condensate and natural gas in its Karak Block’s Kalabagh Well in Mianwali...

    The Karak Joint Venture is operated by MPCL which holds 60 per cent working interest and the MOL of Hungary with 40 per cent share...

  • Shale gas, oil reserves outweigh conventional stock, study reveals

    ISLAMABAD: Pakistan has confirmed recoverable reserves of around 200 trillion cubic feet (TCF) of natural gas and around 58 billion barrels of oil in its shale structure — many times larger than existing conventional gas reserves of around 20 TCF and 385 million barrels of oil...

    This was stated by Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi at a press conference held here on Thursday to explain main findings of...

  • Oil, gas reserves found in Sindh

    KARACHI: Oil and Gas Development Company Ltd (OGDCL) told the stock exchange on Monday that gas and condensate was discovered from its exploratory cum appraisal Mangrio Well 1, which is located in district Tando Muhammad Khan, Sindh...

    44mmscfd gas, 120 barrels per day condensate through choke size 32/64 inches at wellhead flowing pressure of 2,085 Psi from lower Guru B-Sand...

  • No oil, gas reserves found at Kekra-1: Petroleum Division

    Offshore drilling at the Kekra-1 site near Karachi has found no reserves of oil and gas, according to officials of the Petroleum Division...

    Hours after Prime Minister Imran Khan reiterated that there is a chance of discovering "massive reserves at the site by next week", the Petroleum Division authorities confirmed that the drill did not yield the desired results...

  • Oil, gas companies ordered to treat natural gas as LNG

    ISLAMABAD: In a surprise development, the Ministry of Petroleum and Natural Resources on Wednesday ordered the oil and gas companies involved in liquefied natural gas (LNG) to treat domestic natural gas being supplied to PakArab Fertiliser Limited as regasified LNG...

    Informed sources in the petroleum ministry said the orders were issued to the Sui Northern Gas Pipelines Limited (SNGPL), Sui Southern Gas Company Limited (SSGC) and...

  • Iran signs oil, gas deals with Shell

    TEHRAN: Iran signed a preliminary agreement with Shell on Wednesday to work towards developing major oil and gas fields as it seeks to boost its output...

    The deals open the way for Shell to carry out assessments at the South Azadegan and Yadavaran oil fields, both in south-western Iran, as well as an offshore gas field near Kish Island in the Gulf...

  • Austrian company finds gas reserves in Sindh

    VIENNA: Austrian oil and gas company OMV has found gas at the Latif exploration block in Sindh, according to a press release issued by the company on Monday...

    The Latif South-1 well had a gas throughput of 2,500 barrels of oil equivalent (boe) a day during testing, the company said in a statement...

  • Huge gas reserves found off Egyptian coast

    ROME: An Italian energy group said on Sunday it had discovered the largest known gas field in the Mediterranean off the Egyptian coast, predicting that the find could help meet Egypt’s gas needs for decades to come...

    The Italian company said in a statement the offshore “Zohr” field could hold 30 trillion cubic feet of natural gas, covering an area of about 100 square kilometres...

  • Fata has vast gas reserves, suggest surveys

    PESHAWAR: The geological seismic surveys have revealed that around 20 trillion cubic feet natural gas can be explored in different blocks in the militancy-affected Federally Administered Tribal Areas, says a senior official...

    “The geological seismic surveys have been completed in few areas of tribal belt and approximately 20 trillion cubic feet gas can be acquired from different zones,” Fata Oil and Gas Facilitation Unit director...

  • Sindh to block gas to Pakistan if SSGC does not finalise gas provision agreement: CM Shah

    Sindh Chief Minister Murad Shah in the Sindh Assembly on Thursday threatened to restrict the province's gas supply to the rest of the country if an agreement with the Sui Southern Gas Company (SSGC) for provision of gas to the province is not finalised by the weekend...

    Shah, elaborating the details of the agreement, which seeks the provision of an additional 20 million cubic feet of gas per day to the province, said Sindh requires...

  • Govt eyes Rs425bn from oil and gas sector

    KARACHI: The government hopes to generate Rs425 billion from oil and gas sector under different heads in the fiscal year 2015-16, the budget documents show...

    Last year’s break-up of revenue receipts contradicted the official position that the government collection fell because of dip in oil prices...

  • ‘Ending gas, power and oil suppliers’ domination to increase competition’

    KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the Competition Commission of Pakistan (CCP) to bring government agreements with international financial institutions under the country’s competition laws...

    The apex body of trade and industry said it believed more competition in the energy sector and independence from dominant gas, electricity and oil suppliers as well as retailers would result...

  • Oil and gas shares weigh on stock market

    Volume of shares traded rose to 365 million on Thurs­day from 351m shares a day ago and the value also jum­ped to Rs13...

    Selling in the heavyweight oil and gas sector on the back of declining crude oil prices kept the stocks under pressure...

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