Tag Archives: oil

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …