Petroleum / Mining in pakistan
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AFGHANISTAN, 2014/11/14
The national gas companies of Turkmenistan, Afghanistan, Pakistan, and India have established a company that will be engaged in construction, owning and operation of the planned 1,800-kilometer Turkmenistan-Afghanistan-Pakistan-India gas pipeline, ADB said on November 13.
“Establishment of the TAPI pipeline company is a key milestone in the development of the pipeline. It is a tangible sign of transformational cooperation part the parties that presages the enhanced energy security, business prospects, and in general peace and stability in the region promised by the pipeline,” Klaus Gerhaeusser, Director General of ADB’s Central and West Asia Department said.
Turkmenistan’s Turkmengas National Concern, Afghan Gas Enterprise, Inter National Gas Systems (Private) Limited, and GAIL (India) Limited own equal shares of the company.
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CZECH, 2013/04/21
Czech integrated energy player MND Group has sold its upstream assets in Pakistan and Yemen to Pakistan Petroleum.
The Prague-based energy company, which is owned by the KKCG investment group, put the assets in the shop window this time last year. As part of the transaction, Pakistan Petroleum is picking up a stake in OMV’s Sawan gas field, where output runs to about 200 million cubic feet per day of gas.
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AFGHANISTAN, 2013/04/21
The Union Cabinet today approved the proposition of the Ministry of Petroleum & Natural Gas to permit GA1L( India) Limited to sign the Gas Sale & Purchase Agreement (GSPA) with TurrnenGas, Turkmenistan`s national oil company, for the Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline Project.
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PAKISTAN, 2012/12/31
Turkmenistan is reportedly gearing up to sign a natural gas agreement with Afghanistan, Pakistan and India by the end of this month in a move that would provide the foundation for building a pipeline connecting the nations despite major security concerns that make the Afghanistan-Pakistan part of the pipeline an expensive security nightmare at best.
Unnamed Turkmen officials told the Associated Press that the transaction is likely to be signed at an energy conference in Turkmenistan later this month, and that gas for the planned 1,600-kilometer, $7.6 billion TAPI pipeline would come from Turkmen fields – Dauletabad in the south and South Yolotan near the Afghan border.
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INDIA, 2012/12/31
Timely response to their ever growing energy needs is key to India’s and Pakistan’s economic and social stability. Until present, India, and to a lesser extent Pakistan, have been relatively successful in coping with their energy needs. However, if additional energy supplies in particular for electricity generation are not available any minute at this time their prospects for economic increase will be undermined. Even today energy shortfalls are depressing India’s and Pakistan’s average GDP increase rate by 3 – 4 % annually.
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PAKISTAN, 2011/05/10
A Chinese Company Kingho has agreed to invest in Thar coal and energy projects following Sindh chief minister’s assurance on security and an incentive package offered by the government.
This emerged following a conference of the 14-member delegation of the company with Chief Minister Syed Qaim Ali Shah on Sunday.
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PAKISTAN, 2011/01/17
Pakistan will account for 1.51% of Asia Pacific regional oil request by 2015, while providing 0.73% of its supply. Regional oil use of 21.42mn barrels per day (b/d) in 2001 will reach an estimated 27.11mn b/d in 2010, again rises to around 30.64mn b/d by 2015.
