Pakistan News

    Oil Reserves In Pakistan Pdf

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  • Oil giants sign deal to exploit gas reserves

    The parties — China National Petroleum Corp, France’s Total and the National Iranian Oil Co through its Petropars subsidiarywill develop the South Pars gas field, the first major energy investment since sanctions against Iran were lifted early last year...

    As China’s biggest oil and gas producer, CNPC “can provide experience in gas development, needed investment and access to the Chinese market for this project”, said Wang Lu, an...

  • S. Arabia reserves drop further amid low oil price

    DUBAI: Saudi Arabia foreign reserves dropped further in October as the price of oil remained low, but they fell at slower rate than previous months, according to a report released on Wednesday...

    The kingdom’s foreign reserves dropped to $644 billion at the end of October, down from $651bn the previous month, Jadwa Investment said...

  • 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...

    Also read: Large reserves of crude oil found in SindhThe discovery is the company’s second success in the block, after its first major crude oil discovery at Halini Well-1 in 2011...

  • 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...

    “The conclusion (of the study) is that Pakistan has huge potential of shale gas and oil which is much bigger than previous estimates of the United States...

  • Oil reserves lower than mandatory 20 days’ coverage

    The ministry said that the countrywide stock of furnace oil, mainly used in the power sector, stood at 759,022MTs that was sufficient for 27 days as per the current average per day demand of the country, which was around 28,320MTs...

    In addition, three vessels carrying 204,974MTs of furnace oil were waiting for berthing at the Fauji Oil Terminal in Karachi...

  • 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...

  • 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...

  • Pakistan gets $336m in Coalition Support Fund, foreign reserves climb to $19bn

    KARACHI: Pakistan on Tuesday received some $336 million from the United States for its ongoing role in combating a Taliban insurgency in neighbouring Afghanistan...

    The injection of cash, which comes as the Taliban steps up its annual summer offensive launched in late April, has helped Pakistan's foreign exchange reserves reach a fresh high of about $19 billion, State Bank of Pakistan (SBP) officials said...

  • Pakistan's fuel reserves fall below strategic levels

    ISLAMABAD: The country’s oil supplies are facing serious disruption due to pipeline and port congestion, forcing oil companies to go against standard operating procedures amid acute storage constraints...

    Sources said the Ministry of Defence had repeatedly called on the quarters concerned to increase supplies for strategic reserves...

  • Pakistan reserves the right to pull out of Asia Cup next year, Sethi warns BCCI

    LAHORE: India’s objection over Pakistan hosting the 2018 Emerging Teams Asia Cup might force the latter to exercise its ‘right’ to pull out of the Asia Cup which will be staged in India in September next year, Pakistan Cricket Board (PCB) chairman Najam Sethi warned on Tuesday...

    Representatives from India and Bangladesh were absent during the Asian Cricket Council (ACC) meeting in Lahore in October after they raised their...

  • Oil market improving, says Saudi oil minister

    BAGHDAD: The global oil market is improving and stabilising, Saudi Oil Minister Khalid al-Falih said in Baghdad on Saturday...

    In a speech at the opening of the Baghdad International Exhibition, Falih praised the cooperation between Iraq and Saudi Arabia, which he said had helped to boost global oil prices...

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