Energy – Pakistan & Gulf Economist http://www.pakistaneconomist.com Pakistan's Business Financial Magazine Tue, 15 Jan 2019 08:05:52 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.9 Energy import bill: a conundrum for the govt in 2018-19 http://www.pakistaneconomist.com/2018/12/31/energy-import-bill-a-conundrum-for-the-govt-in-2018-19/ http://www.pakistaneconomist.com/2018/12/31/energy-import-bill-a-conundrum-for-the-govt-in-2018-19/#respond Sun, 30 Dec 2018 19:54:20 +0000 http://www.pakistaneconomist.com/?p=23930 The year 2018 was no different for Pakistan since there was surge in the oil import bill despite the lower international prices. On the one hand, increase in the use of oil indicates economic activities, however, on the contrary, it burdens the country with the unaffordable liabilities. There was spike in Pakistan’s oil import bill …

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Scope in Pakistan’s renewable energy http://www.pakistaneconomist.com/2018/12/31/scope-in-pakistans-renewable-energy/ http://www.pakistaneconomist.com/2018/12/31/scope-in-pakistans-renewable-energy/#respond Sun, 30 Dec 2018 19:51:06 +0000 http://www.pakistaneconomist.com/?p=23932 Pakistan contains vast renewable energy potential. As per last national plan, Pakistan can only have a 5 percent of total generation from renewable power (mainly wind, solar and bagasse only). It is being said that Pakistan should set the target of generating at least 30 percent of its electricity from renewable energy resources in the …

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Challenges and prospects to sustain E&P sector in Pakistan http://www.pakistaneconomist.com/2018/12/17/challenges-and-prospects-to-sustain-ep-sector-in-pakistan/ http://www.pakistaneconomist.com/2018/12/17/challenges-and-prospects-to-sustain-ep-sector-in-pakistan/#respond Sun, 16 Dec 2018 19:58:07 +0000 http://www.pakistaneconomist.com/?p=23366 Pakistan heavily relies on imported energy – petroleum oil and fuel gases – to run the economy. According to estimates, it meets around 70 percent of energy needs through imports. Energy imports comprise around one-fourth of the total import bill of the country. Pakistan imported energy fuels worth $5.17 billion, which was over 27 percent …

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Oil refining most important segment of energy chain http://www.pakistaneconomist.com/2018/12/17/oil-refining-most-important-segment-of-energy-chain/ http://www.pakistaneconomist.com/2018/12/17/oil-refining-most-important-segment-of-energy-chain/#respond Sun, 16 Dec 2018 19:57:49 +0000 http://www.pakistaneconomist.com/?p=23430 Crude oil refineries are the most important segment of the energy chain in Pakistan. They not only save billions of dollars every year, but also add value, provide employment and make substantial contribution to the national exchequer. However, it will not be wrong to say that refining units receives little support from the government and …

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Outlook of upstream oil and gas sector http://www.pakistaneconomist.com/2018/12/17/outlook-of-upstream-oil-and-gas-sector/ http://www.pakistaneconomist.com/2018/12/17/outlook-of-upstream-oil-and-gas-sector/#respond Sun, 16 Dec 2018 19:56:09 +0000 http://www.pakistaneconomist.com/?p=23415 Natural gas plays a major role in the energy matrix of Pakistan. It accounts for almost 32 percent of the total primary energy supply mix in Pakistan and Pakistan is 20th largest gas consumer of the word, with an established natural gas industry. Pakistan’s gas consumption is nearly the same as in France, which is …

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Energy-rich Balochistan can be a money-making for Pakistan http://www.pakistaneconomist.com/2018/12/17/energy-rich-balochistan-can-be-a-money-making-for-pakistan/ http://www.pakistaneconomist.com/2018/12/17/energy-rich-balochistan-can-be-a-money-making-for-pakistan/#respond Sun, 16 Dec 2018 19:54:37 +0000 http://www.pakistaneconomist.com/?p=23422 Present govt must formulate an aggressive exploration policy for the province Present government led by Prime Minister Imran Khan needs to formulate an aggressive exploration policy for energy-rich Balochistan. Strategically located province is surrounded by the countries like Afghanistan, Iran, and Arabian Gulf states, which are rich in oil and gas reserves. While on one …

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Gas crisis in Karachi: most glaring example of incompetency http://www.pakistaneconomist.com/2018/12/17/gas-crisis-in-karachi-most-glaring-example-of-incompetency/ http://www.pakistaneconomist.com/2018/12/17/gas-crisis-in-karachi-most-glaring-example-of-incompetency/#respond Sun, 16 Dec 2018 19:53:08 +0000 http://www.pakistaneconomist.com/?p=23418 The recent gas crisis in Karachi, provincial capital of Sindh is the most glaring example of incompetency of the incumbent government. The city faced indefinite closure of CNG stations and suspension of gas supply to captive power plants maintained by the industries. Though, in power for more than 100 days, the economic team of Prime …

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OPEC oil supply cut may affect Pakistan’s economy http://www.pakistaneconomist.com/2018/12/17/opec-oil-supply-cut-may-affect-pakistans-economy/ http://www.pakistaneconomist.com/2018/12/17/opec-oil-supply-cut-may-affect-pakistans-economy/#respond Sun, 16 Dec 2018 19:52:28 +0000 http://www.pakistaneconomist.com/?p=23368 The OPEC-led group of oil producers announced a supply cut of 1.2 million barrels per day (bpd) in crude oil supply from January 2019, measured against October 2018 output levels. The move follows a more than 30 percent collapse in oil prices that saw international benchmark Brent crude fall from more than $86 a barrel …

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Energy crisis and CPEC contribution http://www.pakistaneconomist.com/2018/10/08/energy-crisis-and-cpec-contribution/ http://www.pakistaneconomist.com/2018/10/08/energy-crisis-and-cpec-contribution/#respond Sun, 07 Oct 2018 19:53:17 +0000 http://www.pakistaneconomist.com/?p=21268 Five years back, there was severe load shedding in Pakistan and foreign investors were reluctant in investing in the infrastructure sector especially in the power sector of Pakistan. Despite having vast energy resources especially coal reserves and water yet Pakistan couldn’t utilize these indigenous resources due to lack of policy framework and lack of funds. Due to …

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Rising energy costs: new economic challenges http://www.pakistaneconomist.com/2018/10/01/rising-energy-costs-new-economic-challenges/ http://www.pakistaneconomist.com/2018/10/01/rising-energy-costs-new-economic-challenges/#respond Sun, 30 Sep 2018 19:53:37 +0000 http://www.pakistaneconomist.com/?p=20967 The former caretaker government in June and July considerably increased the prices of petroleum products. The petroleum products prices are revised on every month by the Ministry of Finance and petroleum prices are suggested by the Oil and Gas Regulatory Authority (OGRA) on every end of the month to decide new petroleum products prices for …

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