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2016-08-09 18:30:00

IRAN-PAKISTAN GAS PIPELINE

IRAN-PAKISTAN GAS PIPELINE

 

IRAN PAKISTAN GAS PIPELINE MAP

 

NGA wrote, Pakistan is currently negotiating amendments in the gas deal it has with Iran, according to Daily Times, a local newspaper.

"A draft amendment has been shared with Iran, and it has agreed to negotiate the same along with some other amendments in the Gas Sale Purchase Agreement (GSPA)," an official told the newspaper.

Pakistan expects a renegotiated deal will help in facilitating the implementation of the already-delayed Iran-Pakistan (IP) gas pipeline project. The current agreement was signed in 2009.

It was also said that the revised timeline for completion of the project would be decided mutually in the forthcoming meetings between the two countries, Daily Times reported.

Iran has already built 900 km length of the pipeline on its territory while Pakistan still has to start work on the pipeline. Once the pipeline is operational, about 250 million cubic feet gas would be imported from Iran during first year, while in the second year the import of gas would be enhanced to 500 million cubic feet while in the third year 750 million cubic feet gas would be imported.

Iranian gas exports were to commence on January 1, 2015. Since, the project could not be completed Pakistani side proposed to extend the time for completion of the project.

The future of much delayed Iran-Pakistan (IP) gas pipeline remains uncertain as Pakistan has not been able to raise funds to complete the section of the pipeline would pass through its territory as the project still attracts some sanctions.

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Earlier:

IRAN: 

IRAN & AZERBAIJAN COOPERATION 

NEW IRAN'S CONDITIONS 

IRAN & RUSSIA STRATEGIC COOPERATION 

IRANIAN GAS TO EUROPE 

TAPI ACCELERATED

 

PAKISTAN: 

IRAN - PAKISTAN GAS PIPELINE 

СОТРУДНИЧЕСТВО РОССИИ И ПАКИСТАНА 

PAKISTAN & RUSSIA GAS PIPELINE 

IRAN – PAKISTAN: CHINA PIPELINE 

CHINA & PAKISTAN INVESTMENTS

 

 

 

Tags: IRAN, PAKISTAN, GAS, PIPELINE

Chronicle:

IRAN-PAKISTAN GAS PIPELINE
November, 22, 11:05:00

NIGERIA & CHEVRON PROJECT &1.7 BLN

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day.

IRAN-PAKISTAN GAS PIPELINE
November, 22, 11:00:00

MAERSK-AKER-HALLIBURTON ALLIANCE

OGJ - Maersk Drilling and Aker BP announced a drilling rig alliance based on a tripartite collaboration model that also includes service provider Halliburton Co.

IRAN-PAKISTAN GAS PIPELINE
November, 20, 09:35:00

OIL PRICE: ABOVE $62 YET

REUTERS - Brent crude futures LCOc1, the international benchmark for oil prices, were at $62.56 per barrel at 0439 GMT, down 16 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $56.59 a barrel, up 4 cents, or 0.1 percent, from their last settlement.

IRAN-PAKISTAN GAS PIPELINE
November, 20, 09:30:00

ROSNEFT'S WORLD RECORD: 15000 M

Rosneft as a member of Sakhalin-1 Consortium successfully completed drilling of the world's longest well from Orlan platform at Chaivo field in the Sea of Okhotsk. The length of the well with horizontal completion is 15000 m which currently is a world record. This is a supercomplex well with DDI (Directional drilling index) of 8.0 and 14,129 m stepout.

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