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In February 2007, India and Pakistan agreed to pay Iran US$4.93 per million British thermal units (US$4.67/GJ) but some details relating to price adjustment remained open to further negotiation. [9] In April 2008, Iran expressed interest in the People's Republic of China's participation in the project. [10]
Natural gas prices 2000 - May 23, 2022 Comparison of natural gas prices in Japan, United Kingdom, and United States, 2007-2011 Natural gas prices at the Henry Hub in US Dollars per million Btu for the 2000-2010 decade. Price per million BTU of oil and natural gas in the US, 1998-2015
The capacity will be 33 × 10 ^ 9 m 3 (1.2 × 10 ^ 12 cu ft) of natural gas per year of which 5 × 10 ^ 9 m 3 (180 × 10 ^ 9 cu ft) will be provided to Afghanistan and 14 × 10 ^ 9 m 3 (490 × 10 ^ 9 cu ft) to each Pakistan and India. [25] Six compressor stations would be constructed along the pipeline. [24] The pipeline was intended to be ...
In late January, Pakistan lifted the artificial cap on its currency, causing the rupee to plunge 20% against the dollar in a few days. The government raised fuel prices by 16%. And the Pakistani central bank raised its interest rate by 100 basis points to battle the country's highest inflation in decades, expected to be as high as 26% in January.
In response, the Government of Pakistan approached private sector companies operating in the country, including Shell Pakistan and Esso, proposing a joint venture to build a refinery in Karachi. [6] The private companies, seeking to protect their profits from oil imports, agreed to the government's proposal as an alternative to accepting the ...
Pakistan's gas fields are only expected to last for about another 20 years at the most due to heavy industrial usage. [12] [13] The Largest Gas Producing province of Pakistan is Baluchistan. The Sui gas field is the biggest natural gas field in Pakistan. It is near Sui in Balochistan. The gas field was discovered in the late 1952 and the ...
On 12 April 2017, the company announced that it will use technologies from Honeywell to upgrade its refinery near Multan, Pakistan to produce cleaner-burning fuels. In 2019, Pak-Arab Refinery was building its coastal refinery project near Hub, Balochistan , which would be a state of the art refinery with capacity of 250,000 barrels per day with ...
At its peak during 1986, the field was producing approximately 2,400 barrel of oil per day. It has grown steadily since then, producing both oil and, to a lesser degree, natural gas. [3] Oil production was entirely confined to the Punjab till 1981, when Union Texas Pakistan discovered its first oil-field in Lower Sindh. By 1998-1999, the Lower ...