• Tuesday, March 31, 2020

Huge oil, gas reserves found in Balochistan

Discussion in 'Pakistan Economy' started by Windjammer, Dec 29, 2016.

  1. Max

    Max SENIOR MEMBER

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    We should publish news when we start utilizing it.. anyways if news is true plz provide gas to whole Baluchistan first,
     
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  2. litman

    litman SENIOR MEMBER

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    its not lack of resources but lack of loyalty .
    ever heard of rikodiq?
     
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  3. BATMAN

    BATMAN ELITE MEMBER

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    You are right. we have exploited very few of all the found reserve thus far.
    Our politicians and their private consultants are on pay roles of foreign agencies.
    I see no ray of light, unless we get rid of democracy.
    I read this news couple of days, but it did not attracted me.
    Actually during democracy (Asif Ali Zardari), mysteriously our main reserves start to fall.

    Ever heard of Asif Ali Zardari and his mysterious voters!
     
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  4. Mrc

    Mrc ELITE MEMBER

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    if enough oil is there than frackling can help in future, but with current oil prices its not financially viable even for oil let alone gas (which is also the main reason why gulf states are keeping oil prices to this level)
     
  5. The Eagle

    The Eagle SENIOR MODERATOR

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    Pakistan has been always rich enough with such resources but the irony was, most greedy and corrupt pedigree has been giving such resources on contract to the many foreign companies against a huge chunk of kickbacks for personal accounts than to the National Treasury. Indeed, such discovery is a huge leap towards future self reliance in energy sector that hopefully wouldn't end like it has been happened in past.

    Political corrupt elites have been assigning contracts for such mining and diggings on very low price merely for personal gains that the Nation never benefited hence it is the need of hour that projects must be kept under strict scrutiny and Check so the nation's demand can be fulfilled.
     
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  6. OB909Alpha

    OB909Alpha FULL MEMBER

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    According to its geological position, Pakistan is always termed as "Golden Sparrow" for the people and groups who keep an eye of wisdom and recognition. No wonder, it is naturally equipped with such kind of fossil fuels and many natural resources other than basics. The only need of this nation is a leader with a transparent vision and commitment. I wish these resources could reap us a good future, although, rate of "hopes" is quite critical.
     
  7. Ghazwa e Hind

    Ghazwa e Hind BANNED

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    OGDCL, PPL, SNGPL, SSGC should install LNG plants and convert this natural resource into Liquid Natural Gas and then sale it to the general masses through cylinders. LNG is better than LPG. Pakistani distribution companies SNGPL & SSGC are facing severe line losses (UFG) through pipelines in every street of country. These 50 years old pipelines needs billions of dollars for maintenance and control of losses. An easy solution is to provide this gas through cylinders.

    Pakistani government can invest few billion dollars to install LNG plants. It will save yearly almost 30 billion Rs which only SNGPL is bearing in terms of UFG. Make LNG cylinders and sell them to end customers. This process will create a larger market and hundreds of thousands of new jobs because currently the distribution departments of SNGPL & SSGC are doing this through their hired pakky & kachay employees. "Gas Chori" will also be ended in the result. Pipelines should be used to serve large industries only which can be managed by SNGPL & SSGC's Transmission departments.

    For small industries, a new company can be formed which will sell the gas to small industries. Gas Pipelines are a menace after 50 years. Save this natural resource for our next generations.
     
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  8. BATMAN

    BATMAN ELITE MEMBER

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    You are damn right.
    Situation in Pakistan is even worst, due to gas offer from Iran.
    During the rule of Asif Ali Zardari, Pakistan's gas reserve took nose dive. While, no one in Pakistan wants to know, WHY! .... becuase he was creating conditions, where Pakistanis would be forced to fill coffers in Qum blindly, in the name of holy gas.
     
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  9. Clutch

    Clutch ELITE MEMBER

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    I find this news a bit suspicious. There are no volumetric estimates given... except for "huge" .

    No oil and gas exploration company defines their finds as "huge" . It is usually accompanied by actual estimates of the find in bbls.

    Does Not sound like credible news.
     
    Last edited: Dec 29, 2016
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  10. xyxmt

    xyxmt ELITE MEMBER

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    no actually Pakistan's problem is not able to connect small pockets to national transmission due to lack of infrastructure in far off places. We never hear of huge gas discoveries here in North America but we get plenty of gas at rates far cheaper than international market. there are 100s of exploration companies finding small deposits, extract as much as they can, then close it and move to next.
     
  11. BATMAN

    BATMAN ELITE MEMBER

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    SNGPL is one of those institutions, where all appointments are allocated to those, who are closely related to political parties.
    PPP as usual was hiring anti state elements, hence the Sui reserves took nose dive and Pakistan witnessed gas shortage.
     
  12. Kabira

    Kabira ELITE MEMBER

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    This sound like BS and to good to be true
     
  13. shah1398

    shah1398 SENIOR MEMBER

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    Lets accept it that we are way behind in properly utilizing whats beneath our land. When I say about lack of resources then it means security issues, hurdles in dealing with Sardars, Maliks and Waderas who hold quite firm grip on their areas and U have to persuade them to let U work there. Ever heard of Akbar Bugti? I am sure U wud have but do U know why did he actually rebel? I am sure U dont know that. Last but not the least lets accept it that we havent kept along the modern world when it comes to extracting/mining/drilling things from below the earth. Due to lack of capacity and capability there are instances where almost 70% of the minerals are virtually destroyed. If we had capacity and capability then we wud forsure have drilled/extracted things out there rather than offering lucrative returns to foreign firms like MOL etc. Rather than going to Rekodiq plz first visit Saindak project. Do U know who is running the show there? Ofcourse not us. But the picture is not that much gloomy after all as local organisations are catching up and their capacity is being built fast. Not only that but also manpower is being trained in this field and many student have already been sent abroad for higher studies in this very field. For that matter Mining department in UET Peshawar and BUITEMS Balochistan are making quite strides in this very field.
     
  14. SmartGeek

    SmartGeek SENIOR MEMBER

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    Not surprise, but it is about time Pakistan is introduced with the modern technology of refinery. Glad those reserves wasn't uncovered earlier given the price that the entire middle east is paying just because they have oil.
     
  15. Imad.Khan

    Imad.Khan SENIOR MEMBER

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    My wish is that this time, the resources being excavated are first spent on Balochistan province and the reminder goes to other provinces, this will eliminate the grievances of the local populace