oil – Pakistan & Gulf Economist http://www.pakistaneconomist.com Pakistan's Business Financial Magazine Fri, 16 Nov 2018 12:32:58 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Likelihood of oil drilling in Balochistan http://www.pakistaneconomist.com/2018/09/10/likelihood-of-oil-drilling-in-balochistan/ http://www.pakistaneconomist.com/2018/09/10/likelihood-of-oil-drilling-in-balochistan/#respond Sun, 09 Sep 2018 19:52:57 +0000 http://www.pakistaneconomist.com/?p=20227 No doubt, shy investment in oil and gas sector and the security concerns in the province have been the key reasons for slower growth of the sector, but there is presumably another issue related to Iran’s reservation and concern over drilling of oil wells in Balochistan. If the new government led by Prime Minister Imran …

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Byco Distributes 2 million Moringa Tree Seeds through Plantation drive http://www.pakistaneconomist.com/2018/09/03/byco-distributes-2-million-moringa-tree-seeds-through-plantation-drive/ http://www.pakistaneconomist.com/2018/09/03/byco-distributes-2-million-moringa-tree-seeds-through-plantation-drive/#respond Sun, 02 Sep 2018 19:51:22 +0000 http://www.pakistaneconomist.com/?p=19867 Pakistan’s premier oil Company, Byco Petroleum Pakistan Limited, launched their Green campaign to Make Pakistan Green Again on the nation’s 71st Independence Day at a special tree plantation ceremony held at the Urban Forest park in Clifton Karachi. Shaniera Akram, wife of renowned Pakistan fast bowler Wasim Akram, inaugurated the ceremony to plant 1,000 trees …

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Strong grains in oil and gas exploration in four years http://www.pakistaneconomist.com/2018/08/06/strong-grains-in-oil-and-gas-exploration-in-four-years/ http://www.pakistaneconomist.com/2018/08/06/strong-grains-in-oil-and-gas-exploration-in-four-years/#respond Sun, 05 Aug 2018 19:57:32 +0000 http://www.pakistaneconomist.com/?p=18754 Pakistan witnessed an increase of around 80 percent in oil and gas exploration activities in different potential areas during the last four years. The government took a number of initiatives which resulted in drilling of over 179 exploratory and 194 appraisal/developmental wells. The Exploration and Production (E&P) companies made over 101 new oil and gas …

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KPOGCL- Becoming an attraction for investors http://www.pakistaneconomist.com/2018/08/06/kpogcl-becoming-an-attraction-for-investors/ http://www.pakistaneconomist.com/2018/08/06/kpogcl-becoming-an-attraction-for-investors/#respond Sun, 05 Aug 2018 19:56:38 +0000 http://www.pakistaneconomist.com/?p=18780 Company is committed to expand by attracting national and international investors KPOGCL was incorporated as a Public Sector Enterprise (PSE) on 8th February, 2013 under Section 32 of the Companies Ordinance, 1984. Later, KPOGCL was declared as fully-owned Provincial Holding Company (PHC) of GoKP pursuant to clause 4.1.3 (6) of Petroleum Exploration and Production Policy-2012. The …

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Native oil and gas discovery – self-support to cater future needs http://www.pakistaneconomist.com/2018/08/06/native-oil-and-gas-discovery-self-support-to-cater-future-needs/ http://www.pakistaneconomist.com/2018/08/06/native-oil-and-gas-discovery-self-support-to-cater-future-needs/#respond Sun, 05 Aug 2018 19:53:41 +0000 http://www.pakistaneconomist.com/?p=18747 Overcoming the chronic energy shortage in Pakistan is going to be the huge challenge for the upcoming government, which will take oath this month after July 25 general elections. Time calls for opening up the resource-rich Balochistan for investments in oil and gas sector, as the acute gas shortage has led to the closure of …

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Continuity, expansion of oil and gas activities worthy of note http://www.pakistaneconomist.com/2018/08/06/continuity-expansion-of-oil-and-gas-worthy-of-note/ http://www.pakistaneconomist.com/2018/08/06/continuity-expansion-of-oil-and-gas-worthy-of-note/#respond Sun, 05 Aug 2018 19:52:07 +0000 http://www.pakistaneconomist.com/?p=18745 Pakistan is a net oil importer and meets about 75 percent of needs through imports. Oil imports carry the heaviest weight in total imports of the country. Pakistan has a total refining capacity to process around 400,000 bpd or about 19MTPA of crude oil, against the current demand of 24MTPA. Total global refining capacity is …

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Byco Petroleum Pakistan limited – past and present feat http://www.pakistaneconomist.com/2018/08/06/byco-petroleum-pakistan-limited-past-and-present-feat/ http://www.pakistaneconomist.com/2018/08/06/byco-petroleum-pakistan-limited-past-and-present-feat/#respond Sun, 05 Aug 2018 19:50:20 +0000 http://www.pakistaneconomist.com/?p=18759 The company was formed in January 1995 as a public listed company. It started its first oil refinery with a capacity of 30,000 barrels a day at Hub, Balochistan with commercial production starting from July, 2004. The capacity was later enhanced by 5000 barrels a day during the 2010 turnaround, making the total capacity to …

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Pakistan need to build self-esteem in oil and gas exploration and production http://www.pakistaneconomist.com/2018/08/06/pakistan-need-to-build-self-esteem-in-oil-and-gas-exploration-and-production/ http://www.pakistaneconomist.com/2018/08/06/pakistan-need-to-build-self-esteem-in-oil-and-gas-exploration-and-production/#respond Sun, 05 Aug 2018 19:49:57 +0000 http://www.pakistaneconomist.com/?p=18778 Interview with Mohammad Ibrahim Kasumbi — former Senior Vice President Karachi Chamber of Commerce and Industry PAGE: Kindly tell us something about yourself: Mohammad Ibrahim Kasumbi: I am in the business of distribution and marketing of Plastics and Petrochemicals for last 30 years. I have been associated with Karachi Chamber of Commerce and Industry for over 16 …

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Pakistan’s energy landscape must put in order to meet future realities and challenges http://www.pakistaneconomist.com/2018/08/06/pakistans-energy-landscape-must-put-in-order-to-meet-future-realities-and-challenges/ http://www.pakistaneconomist.com/2018/08/06/pakistans-energy-landscape-must-put-in-order-to-meet-future-realities-and-challenges/#respond Sun, 05 Aug 2018 19:48:10 +0000 http://www.pakistaneconomist.com/?p=18763 Development of indigenous hydrocarbon resources absolutely imperative for the sustainable economic growth New government should offer incentives to foreign E&P sector for more investment Need to aggressively pursue offshore drilling in the coastal belt of the Arabian sea Interview with Mr Sohail A. Butt – CEO, Energy Energetics PAGE: Tell me something about yourself, please: …

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Oil & Gas from exploration to consumption (facts & Figures) http://www.pakistaneconomist.com/2018/08/06/oil-gas-from-exploration-to-consumption-facts-figures/ http://www.pakistaneconomist.com/2018/08/06/oil-gas-from-exploration-to-consumption-facts-figures/#respond Sun, 05 Aug 2018 19:46:30 +0000 http://www.pakistaneconomist.com/?p=18707 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) 138 53 191 Fertilizer 613 7 620 General Industry 570 171 741 Total 3,205 632 3,837  

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