Iran Pakistan to build an oil pipe line supplementing IP(C)

[longbrained]

In a new development in opposition to US orders, Pakistan Iran are to build an oil pipe line supplying Pakistan with oil on a long term deferred payment system.

The oil pipeline plan emerged after Iran offered Pakistan oil supplies on a long-term deferred payment scheme. The pipeline would be laid from Iran to Gwadar port, where Iran will also set up a refinery to process crude oil.
Petroleum Minister Dr Asim Hussain said that the two sides had been discussing the proposal of an oil pipeline in different meetings. “But I am not aware about finalisation of the proposal,” Hussain said. “I am also not aware of any discussion taken place about the oil pipeline in a recent meeting of Pak-Iran JEC meeting,” he added. However, documents seen by The Express Tribune suggest otherwise.
Officials said that the two countries have signed a memorandum of understanding, adding that ratification of the memorandum will be sought from the federal cabinet. Joint working groups have been formed to take the proposal from plan to reality.
The oil pipeline was first touted when President Asif Ali Zardari visited Tehran on July 15, accompanied by Interior Minister Rehman Malik and Petroleum Minister Dr Asim Hussain. During the trip Iranian authorities reportedly extended support to Pakistan’s energy sector. Sources revealed that Iran also offered to provide oil on six-month deferred payments to meet Pakistan’s domestic needs.
Proposals for the pipeline and the oil refinery were also discussed during the recent 18th session of the Pakistan-Iran Joint Economic Commission meeting held in Islamabad.
Deputy Managing Director Aftab Ahmad told The Express Tribune that Pakistan Refinery Limited was designed in 1962 to process Iranian oil, though consumption of Iranian oil in Pakistan is very low. “No refinery in Pakistan can process 100% Iranian crude oil,” he said. Therefore the pipeline between Iran and Pakistan would only be feasible if Iran also sets up a refinery.
Pakistan has lost 45,000 barrels of crude oil per day since international export sanctions were imposed on Iran, and solutions are required to fill the gap. Another industry source said that Iranian oil had more components of furnace oil. Pakistan’s furnace oil requirements have increased from three to four million tons in 2004-2005 to nine million tons in the current financial year. Refineries in Pakistan currently have a furnace oil production capacity of just three to 3.5 million tons per year.
At present, Pakistan State Oil imports furnace oil to meet the power sector’s requirements. “If India is importing Iranian oil, why should Pakistan not import it to meet furnace oil and other petroleum product requirements of the country?” asked the industry source rhetorically, adding that Pakistan will save 20 cents per barrel as it will no longer have to bear the costs of transporting Iranian oil.
Published in The Express Tribune, September 26th, 2011.

Energy solutions: Pakistan and Iran put oil project in the pipeline – The Express Tribune

 

[Mo12]

Why do I keep on hearing Pakistan have trillions of dollars worth of mineral resources, if they keep on making oil and gas pipeline?

Are they waiting for oil price to increase, before they start extracting it from they own land?

 

[longbrained]

Why do I keep on hearing Pakistan have trillions of dollars worth of mineral resources, if they keep on making oil and gas pipeline?

Are they waiting for oil price to increase, before they start extracting it from they own land?

Idiot commentary. Pakistan has over 7 trillion dollars worth of minerals, true. But these minerals are copper, gold, tin, nickel, lead, iron, etc. etc. Pakistan does not have large reserves of oil and gas, just a bit. What India has? Let me guess not much.

 

[Mo12]

Idiot commentary. Pakistan has over 7 trillion dollars worth of minerals, true. But these minerals are copper, gold, tin, nickel, lead, iron, etc. etc. Pakistan does not have large reserves of oil and gas, just a bit. What India has? Let me guess not much.

India has over 10 trillion dollars of resources, remember India is 4 times bigger then Pakistan.

 

[longbrained]

India has over 10 trillion dollars of resources, remember India is 4 times bigger then Pakistan.

Pakistan= 7 trillion dollars of minerals (~40,000 dollar per Pakistani)
India= 10 trillion dollars of minerals (9,000 dollars per Indian)

India's population is 6 times larger than Pakistan. So Indians will always remain poorer. Simple demography and statistics.

 

[jha]

Pakistan= 7 trillion dollars of minerals (~40,000 dollar per Pakistani)
India= 10 trillion dollars of minerals (9,000 dollars per Indian)

India's population is 6 times larger than Pakistan. So Indians will always remain poorer. Simple demography and statistics.

Going by that logic, African nationals should be richest on earth..

 

[Mo12]

Pakistan= 7 trillion dollars of minerals (~40,000 dollar per Pakistani)
India= 10 trillion dollars of minerals (9,000 dollars per Indian)

India's population is 6 times larger than Pakistan. So Indians will always remain poorer. Simple demography and statistics.

Sorry made a mistake I heard it was 100 trillion dollars in India.

But these numbers are made up by politicans, so we may never know the truth.

 

[shrivatsa]

Pakistan= 7 trillion dollars of minerals (~40,000 dollar per Pakistani)
India= 10 trillion dollars of minerals (9,000 dollars per Indian)

India's population is 6 times larger than Pakistan. So Indians will always remain poorer. Simple demography and statistics.

but 1 Pakistani = 10 Indians.

Good for Pakistan.

 

[longbrained]

Going by that logic, African nationals should be richest on earth..

Well. That is mathematics. African nations do not have nukes to protect their natural resources so that is why they are always being raped by outside powers who steal their resources for their own economy.

---------- Post added at 02:32 PM ---------- Previous post was at 02:31 PM ----------

Sorry made a mistake I heard it was 100 trillion dollars in India.

But these numbers are made up by politicans, so we may never know the truth.

Now you are lying. India is a poor country. Every one knows that. Even Indians.

 

[fd24]

India has over 10 trillion dollars of resources, remember India is 4 times bigger then Pakistan.

Yes indeed India is 4 times bigger than Pakistan. Well done in the observation. Being 4 times bigger must mean you have a bigger thriving incredible healthy population also?

 

[jha]

Well. That is mathematics. African nations do not have nukes to protect their natural resources so that is why they are always being raped by outside powers who steal their resources for their own economy.

---------- Post added at 02:32 PM ---------- Previous post was at 02:31 PM ----------



Now you are lying. India is a poor country. Every one knows that. Even Indians.

And Pakistan is a super rich country..

Wait..No body knows that . Not even Pakistanis...

---------- Post added at 03:06 PM ---------- Previous post was at 03:05 PM ----------

Sorry made a mistake I heard it was 100 trillion dollars in India.

But these numbers are made up by politicans, so we may never know the truth.

Shhh..Dont disclose the secrets..

 

[SBD-3]

Why do I keep on hearing Pakistan have trillions of dollars worth of mineral resources, if they keep on making oil and gas pipeline?

Are they waiting for oil price to increase, before they start extracting it from they own land?

I am often confused wether to waste my time in replying to such "brilliant" statements. Pakistan's oil production is circa 20% of national needs. Minrals as expalained by longrained are not oil reserves. Btw I wonder why do Indians try to derail every thread in Pakistan section, is this their national policy?....Mods may kindly do some cleaning of the thread to keep it relevent.

---------- Post added at 03:36 PM ---------- Previous post was at 03:34 PM ----------

India has over 10 trillion dollars of resources, remember India is 4 times bigger then Pakistan.

If India produces resources like you....I guess even its grows 100 times bigger it should not ring a bell....

 

[Mo12]

I am often confused wether to waste my time in replying to such "brilliant" statements. Pakistan's oil production is circa 20% of national needs. Minrals as expalained by longrained are not oil reserves. Btw I wonder why do Indians try to derail every thread in Pakistan section, is this their national policy?....Mods may kindly do some cleaning of the thread to keep it relevent.

No not really.

I also remember reading a thread here, Pakistan having plenty of natural gas underground, but dont have the knowledge to how to extract it.

---------- Post added at 03:39 PM ---------- Previous post was at 03:37 PM ----------

Here is just 1 of 10-15 threads about gas in Pakistan.

http://www.defence.pk/forums/economy-development/98079-myth-pakistan-s-infinite-gas-reserves.html

 

[SBD-3]

No not really.

I also remember reading a thread here, Pakistan having plenty of natural gas underground, but dont have the knowledge to how to extract it.Here is just 1 of 10-15 threads about gas in Pakistan.

Its not about how to extract, it about how to use. I can roughly imagin the strain on natural gas resources since my car uses enough CNG in just two days which costs equal to my house's entire month's consumption. So effectively every month My car alone exhausts gas enough for 15 months of my household demand. Just consider more than two million vehacles like mine.

 

[T90TankGuy]

Its not about how to extract, it about how to use. I can roughly imagin the strain on natural gas resources since my car uses enough CNG in just two days which costs equal to my house's entire month's consumption. So effectively every month My car alone exhausts gas enough for 15 months of my household demand. Just consider more than two million vehacles like mine.

almost all major cities in India have autos run on CNG , whats the big deal . we do it why cant you?