oil – Pakistan & Gulf Economist http://www.pakistaneconomist.com Pakistan's Business Financial Magazine Mon, 18 Feb 2019 12:50:24 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.9 Review of oil and gas, power and renewable energy sector of Pakistan http://www.pakistaneconomist.com/2019/01/28/review-of-oil-and-gas-power-and-renewable-energy-sector-of-pakistan/ http://www.pakistaneconomist.com/2019/01/28/review-of-oil-and-gas-power-and-renewable-energy-sector-of-pakistan/#respond Sun, 27 Jan 2019 19:52:03 +0000 http://www.pakistaneconomist.com/?p=24932 Economic role of natural gas Pakistan’s primary energy supply mix clearly shows natural gas as playing major role in country’s economic development by accounting for nearly 50 percent of its total primary energy supply mix. Pakistan’s natural gas production has remained stagnant at nearly 4,000 mmcfd during the last decade. Over last few decades, Pakistan …

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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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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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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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Govt is doing well in oil and gas exploration activities in last five years http://www.pakistaneconomist.com/2018/12/17/govt-is-doing-well-in-oil-and-gas-exploration-activities-in-last-five-years/ http://www.pakistaneconomist.com/2018/12/17/govt-is-doing-well-in-oil-and-gas-exploration-activities-in-last-five-years/#respond Sun, 16 Dec 2018 19:49:42 +0000 http://www.pakistaneconomist.com/?p=23411 Accessible technology of ExxonMobil will help country accelerate exploration and make more discoveries in the future Interview with Mr. Barkatullah Lone – Chairman, GB International Economic Forum PAGE: How would you comment on the gas and oil exploration in Pakistan? Barkatullah Lone: Pakistan has done well in gas and oil exploration as 113 new oil and gas …

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Indigenous energy rich Pakistan needs to develop and implement a very aggressive E&P policy http://www.pakistaneconomist.com/2018/12/17/indigenous-energy-rich-pakistan-needs-to-develop-and-implement-a-very-aggressive-ep-policy/ http://www.pakistaneconomist.com/2018/12/17/indigenous-energy-rich-pakistan-needs-to-develop-and-implement-a-very-aggressive-ep-policy/#respond Sun, 16 Dec 2018 19:48:31 +0000 http://www.pakistaneconomist.com/?p=23408 New govt must aim on the issues of demand/supply balance and offer investor-friendly environment for sustainability of the sector Interview with Mr. Sohail Butt – an energy expert PAGE: Tell me something about yourself and your career: Sohail Butt: I have spent over twenty five years internationally in the energy sector value chain as a finance …

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Upstream Oil & Gas – Cautious Growth In Exploration (Facts & Figures) http://www.pakistaneconomist.com/2018/12/17/upstream-oil-gas-cautious-growth-in-exploration-facts-figures/ http://www.pakistaneconomist.com/2018/12/17/upstream-oil-gas-cautious-growth-in-exploration-facts-figures/#respond Sun, 16 Dec 2018 19:46:59 +0000 http://www.pakistaneconomist.com/?p=23280 Net FDI in Pakistan ($ Million) Details 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Jul-Sep-2019 Oil & Gas 559.6 502 300.5 248.9 146 192.5 67.6 Pakistan: Average sector wise natural gas consumption (July-Feb FY 2018) Sector Gas Consumption in MMCFD RLNG Total Power 936 401 1,337 Domestic 860 – 860 Commercial 88 – 88 Transport (CNG) …

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Top 10 Oil Producing Countries http://www.pakistaneconomist.com/2018/12/04/top-10-oil-producing-countries/ http://www.pakistaneconomist.com/2018/12/04/top-10-oil-producing-countries/#respond Tue, 04 Dec 2018 07:09:23 +0000 http://www.pakistaneconomist.com/?p=23072 Saudi Arabia has pushed oil production to an all-time high, causing the price of oil to drop to $50 per barrel. The United States produces the greatest volume of oil in 2017, totaling 571 million tons of oil in 2017. Saudi Arabia and Russia came in a close second and third, with each country producing a total volume of 561 …

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