Pakistan Petroleum makes another discovery in Sindh

[farhan_9909]

Pakistan Petroleum Limited (PPL) on Monday announced the discovery of condensate and gas reserves in Sanghar District of Sindh, just a month after finding petroleum reserves in the same area in another well.

According to initial test results, 27.8 million standard cubic feet per day (mmscfd) of gas and 337 barrels per day of condensate were found in a well in Gambat South block.
"Exploration well Shahdad X-1 was spud on March 30, 2013 and reached the final depth of 3,665 metres on June 19, 2013. Based on wire-line logs, potential hydrocarbon bearing zones were identified," it said.

for more detail
Pakistan Petroleum makes another discovery in Sindh – The Express Tribune

 

[maomao]

Great News....LOL already Black water is in pakistan now everyone will land and create WOT In pakistan....LOL hahahahhaha pakistan is next Somalia for sure this time for WMDs and Oil!

 

[Armand2REP]

Pakistan State Oil Likely to Bankrupt in 7 Days

According to The Nation, Ministry of Petroleum and Natural Resources, in a letter to recently elected Prime Minister Raja Pervaiz Ashraf, has immediately sought grant of Rs 1,200 Crore on daily basis to save cash-starved Pakistan State Oil (PSO) from bankruptcy, which is expected within a week if amount not provided.

In the letter it has been requested to the PM to grant Rs 5,000 Crore (Rs 500 billion) to the PSO on immediate basis. If this amount is not provided then the PSO will face bankruptcy within seven days because the circular debt of the PSO has crossed the alarming figure of Rs 500 billion. Put in other words, viewing present situation, Rs 1,200 Crore on daily basis is needed for PSO.

It was also learn that owing to the bankruptcy of the PSO, the supply of furnace oil to the power sector would witness a decrease by notable margin, which would also cause a decline in the power generation by 5,000MW.

Currently, PSO is supplying 28,000 tons on daily basis to the power sector. Besides, supply of petroleum oil and lubricants (POL) products in the country would also be disturbed horribly. Consequently, PSO would not purchase POL products from the international oil market.

It is worth mentioning here that financial matters leading to the bankruptcy of the PSO have now met with a worse situation owing to the disapproval of Law Ministry over floating the term finance certificates (TFCs) of Oil and Gas Development Company Limited (OGDCL).

Pakistan State Oil Likely to Bankrupt in 7 Days - Economy Age
Rs 12b daily grant sought to save PSO from bankruptcy

 

[farhan_9909]

Pakistan State Oil Likely to Bankrupt in 7 Days

According to The Nation, Ministry of Petroleum and Natural Resources, in a letter to recently elected Prime Minister Raja Pervaiz Ashraf, has immediately sought grant of Rs 1,200 Crore on daily basis to save cash-starved Pakistan State Oil (PSO) from bankruptcy, which is expected within a week if amount not provided.

In the letter it has been requested to the PM to grant Rs 5,000 Crore (Rs 500 billion) to the PSO on immediate basis. If this amount is not provided then the PSO will face bankruptcy within seven days because the circular debt of the PSO has crossed the alarming figure of Rs 500 billion. Put in other words, viewing present situation, Rs 1,200 Crore on daily basis is needed for PSO.

It was also learn that owing to the bankruptcy of the PSO, the supply of furnace oil to the power sector would witness a decrease by notable margin, which would also cause a decline in the power generation by 5,000MW.

Currently, PSO is supplying 28,000 tons on daily basis to the power sector. Besides, supply of petroleum oil and lubricants (POL) products in the country would also be disturbed horribly. Consequently, PSO would not purchase POL products from the international oil market.

It is worth mentioning here that financial matters leading to the bankruptcy of the PSO have now met with a worse situation owing to the disapproval of Law Ministry over floating the term finance certificates (TFCs) of Oil and Gas Development Company Limited (OGDCL).

Pakistan State Oil Likely to Bankrupt in 7 Days - Economy Age
Rs 12b daily grant sought to save PSO from bankruptcy

Mr anand please check the date as well as read more about rental raja from pakistani sources

new govt is in place and we are to get into a economic boom soon like we were under musharaf

 

[Armand2REP]

Mr anand please check the date as well as read more about rental raja from pakistani sources

new govt is in place and we are to get into a economic boom soon like we were under musharaf

fart-han say what? It was dated 5 days ago. you saved PSO in less than a week?

 

[farhan_9909]

Pakistan State Oil Likely to Bankrupt in 7 Days
By Ali Ahmad · Monday, Jul 16, 2012

indeed Mr anand

 

[Blackwater]

Pakistan is a country who likes to discover but not to recover


Sent from my iPhone using Tapatalk 2

 

[jamesvaikom]

The title is wrong. The title should be 'Pakistan Petroleum makes another discovery in Sindhustan'.

 

[Blackwater]

Pakistan State Oil Likely to Bankrupt in 7 Days
By Ali Ahmad · Monday, Jul 16, 2012

indeed Mr anand

Indeed Mr farhaan

ur petro bill is paid by saudis.pak state oil is indeed bankrupt

 

[farhan_9909]

Indeed Mr farhaan

ur petro bill is paid by saudis.pak state oil is indeed bankrupt

what is the difference?

dont your govt pay your petro bill from the 4-5billions aid to take for having 1/3rd of world poors?

 

[Blackwater]

what is the difference?

dont your govt pay your petro bill from the 4-5billions aid to take for having 1/3rd of world poors?

our petro bill is bigger than 5 billion and we have used 3 billion from it in mars mission lollllllllll



BTW 50% of ur pakis is also poor according to 2012 status

 

[Blackwater]

what is the difference?

dont your govt pay your petro bill from the 4-5billions aid to take for having 1/3rd of world poors?

for u nothing as u consider all muslim world as ur territory.

 

[farhan_9909]

our petro bill is bigger than 5 billion and we have used 3 billion from it in mars mission lollllllllll



BTW 50% of ur pakis is also poor according to 2012 status

One of my very close friend once told me indians,probably in the late 70's.Indians duniya k sab se bare Aid lene wale hay
i said aisa ni ho sakta

He was so right.last year i just came to know that if pakistani by taking 1billion aid are bhikari than indians taking them for the past 100 years and 5-10x more than pakistanis are MAHA bheekari

 

[dhananjay1]

According to Islamic science, if people start adopting Wahhabism and start using more Arabic words, the amount of underground oil in their area increases proportionately. These is why middle east has so much oil and now Pakistan would have oil too.

 

[Blackwater]

One of my very close friend once told me indians,probably in the late 70's.Indians duniya k sab se bare Aid lene wale hay
i said aisa ni ho sakta

He was so right.last year i just came to know that if pakistani by taking 1billion aid are bhikari than indians taking them for the past 100 years and 5-10x more than pakistanis are MAHA bheekari

Is this ur close friend???