OIL & GAS

S.KAMAL HAYDER KAZMI,
(feedback@pgeconomist.com)
Research Analyst
, PAGE
Feb 6 - 12, 2012

GLOBAL OIL DEMAND (2010-2012) (MILLION BARRELS PER DAY)

. 3Q10 4Q10 2010 1Q11 2Q11 3Q11 4Q11 2011 1Q12 2Q12 3Q12 4Q12 2012
Africa 3.4 3.4 3.4 3.4 3.3 3.3 3.4 3.3 3.4 3.5 3.5 3.5 3.5
Americas 30.5 30.2 30.1 30.0 29.8 30.2 29.6 29.9 29.8 29.7 30.3 30.0 30.0
Asia/Pacific 26.7 28.3 27.3 28.6 27.3 27.4 28.7 28.0 29.2 28.3 28.1 29.5 28.8
Europe 15.6 15.5 15.3 14.9 14.8 15.4 15.0 15.0 14.5 14.5 15.2 15.0 14.8
FSU 4.6 4.6 4.5 4.4 4.6 4.8 4.9 4.7 4.6 4.6 4.8 4.9 4.7
Middle East 8.3 7.7 7.8 7.6 8.0 8.5 7.9 8.0 7.9 8.3 8.7 8.1 8.3
World 89.1 89.8 88.3 89.0 87.9 89.5 89.5 89.0 89.5 89.0 90.7 91.1 90.0
Annual Chg (%) 3.4 3.5 3.2 2.5 0.5 0.5 -0.3 0.8 0.6 1.2 1.3 1.7 1.2

CONSUMPTION OF PETROLEUM PRODUCTS IN PAKISTAN
(000 tones) Percentage Change)

YEAR H.H CHG IND CHG AGR CHG TRANS CHG POW CHG OG CHG TOTAL
05-06 129 -33.2 1,682 9.1 82 -42.3 8,157 -9.6 4,219 22.2 359 13.2 14,627
06-07 106 -17.8 1,596 -5.1 97 18.3 7,982 -2.1 6,741 59.8 . -9.5 16,847
07-08 121 14.1 1,071 -32.9 109 12.7 9,384 17.6 7,084 5.1 311 -4.5 18,080
08-09 97 -19.5 9,69 -9.5 70 -36.2 8,837 -5.8 7,750 6.9 367 18.2 17,911
09-10 90 -7.5 985 1.6 58 -16.9 8,861 0.3 8,814 16.4 323 -12.0 19,131
10-11 67 -1. 5 919 22.5 36 -18.2 6,599 0.3 5,9131 -5.7 267 19.7 13,80
HH: HOUSEHOLDS, CHG: CHANGE, IND: INDUSTRY, AGR: AGRICULTURE, TRANS: TRANSPORT, POW: POWER, OG: OTHER GOVT.
Note: 2010-11 July to March

GAS SALE PRICE (Standalone Meters)

. RS./MMBTU
upto 100 M3 per month 122.95
Over 100 upto 300 M3 per month 245.89
Over 300 upto 500 M3 per month 1,035.34
All over 500 M3 per month 1,302.46

PAKISTAN: CONSUMPTION OF COAL (% Share)

YEAR HOUSEHOLD POWER BRICK KILNS CEMENT
2009-10(e) 0.0 2.0 58.9 39.6
2010-11(e) 0.0 0.76 56.5 42.7

PAKISTAN: ANNUAL ENERGY CONSUMPTION

FY PETROLEUM PRODUCTS GAS ELECTRICITY COAL
TOONS (000) CHANGE (%) (MMCFT) CHANGE (%) (GWH) CHANGE (%) M.T* (000) CHANGE (%)
2005-06 14,627 -0.3 1,223,385 5.4 67,603 10.2 7,714.00 -2.3
2006-07 16,847 15.2 1,221,994 -0.1 72,712 7.6 7,894.10 2.3
2007-08 18,080 7.3 1,275,212 4.4 73,400 0.9 10,110.60 28.1
2008-09 17,911 -0.9 1,269,433 -0.5 70,371 -4.1 8,390 -17.0
2009-10 19,132 6.8 1,277,821 0.66 74,348 5.65 8,139 -2.99
Avg. 9 years . 1.3 . 6.0 . 4.9 . 9.1
JULY-MARCH
2009-10 13,937 - 959,475 - 54,653 - 5,304 -
2010-11 (e) 13,802 -0.97 939,960 -2.03 56,194 2.8 5,850 10.29

WORLD'S TOP 15 NATURAL GAS PROVEN RESERVE HOLDERS
(Jan 1, 2012)

RANK COUNTRY PROVED RESERVES (BILLION CUBIC FEET), JAN 1, 2012 PROVED RESERVES (BILLION CUBIC FEET), JAN 1, 2011 PROVED RESERVES (BILLION CUBIC FEET), JAN 1, 2010 SHARE OF TOTAL, JAN 1, 2012
1 Russia 1,680,000 1,680,000 1,680,000 24.90%
2 Iran 1,168,000 1,045,670 1,045,670 17.30%
3 Qatar 890,000 895,800 899,325 13.20%
4 Saudi Arabia 283,000 275,200 263,000 4.20%
5 United States 272,509 244,656 244,656 4.00%
6 Turkmenistan 265,000 265,000 265,000 3.90%
7 UAE 215,035 227,900 214,400 3.20%
8 Venezuela 195,100 178,860 175,970 2.90%
9 Nigeria 180,458 186,880 185,280 2.70%
10 Algeria 159,000 159,000 159,000 2.40%
11 Indonesia 141,060 106,000 106,000 2.10%
12 Iraq 111,520 111,940 111,940 1.70%
13 China 107,000 107,000 107,000 1.60%
14 Kazakhstan 85,000 85,000 85,000 1.30%
15 Malaysia 83,000 83,000 83,000 1.20%
World total 6,746,751 6,647,341 6,609,346 100.00%
Total OPEC 3,330,137 3,211,152 3,182,829 49.40%

OIL MONTHLY BASKET PRICES

MONTHS PER BARRELS US $
Jan-2011 92.83
Feb-2011 100.29
March-2011 109.84
April-2011 118.09
May-2011 109.94
June-2011 109.04
July-2011 111.62
Aug-2011 106.32
Sep-2011 107.61
Oct-2011 106.29
Nov-2011 110.08
Dec-2011 107.04
Jan-2012 111.76
31-Jan-2012 111.21

PRODUCTION OF NATURAL GAS (mmcfd)
COMPANY 2010-11 (JUL-MAR)
BHP 399.77
ENI 1 486.89
Dewan 28.88
MGCL 502.02
OGDCL 853.74
OMV 446.43
OPII 13.01
POL 21.46
PPL 765.58
Tullow 0.50
PEL 27.57
BP 189.61
Petronas 13.52
MOL 301.85
Total: 4,050.84

TEN COUNTRIES WITH MOST CNG VEHICLES

COUNTRY 2011(MILLIONS)
Pakistan 2.74
Iran 1.95
Argentina 1.90
Brazil 1.66
India 1.08
Italy 0.73
China 0.45
Colombia 0.34
Thailand 0.21
Ukraine 0.20
Total 12.67

INTER CORPORATE CIRCULAR DEBT (Rs. Billion)

ORGANIZATION RECEIVABLES PAYABLES NET POSITION
JULY-APRIL 2010-11
PSO 149.4 98.4 51.0
SSGCL 50.6 43.5 7.1
SNGPL 11.4 24.8 (13.4)
PEPCO 304.2 301.5 2.7
OGDCL 115.6 0.1 115.5
PARCO 37.5 0 37 .5
KESC 67.6 40.1 27.5
GHPL 9.6 0 9.6
PPL 22.2 0 22.2
KW&SB 7.0 8.2 (1.2)
Note: As on 30-04- 2011

PAKISTAN: CONSUMPTION OF GAS (Billion cft) (July-March)

YEAR HOUSE
HOLD
COMMERCIAL CEMENT FERTILIZER POWER INDUSTRIAL TRANSPORT
(CNG) MMCFT
2009-10 184.5 28.6 1.7 162.5 264.8 246.1 71,225
2010-11(p) 185.9 27.2 0.6 166.9 264.3 223.6 81,400

PETROLEUM PRICES IN PAKISTAN

PRODUCT RS/LITRE. (Jan 2012)
HOBC 118.2
Premium 94.91
High Speed Diesel 103.46
Light Speed Diesel 92.31
Kerosene Oil 92.02