Major oil find near Pak-Iran border

[Bilal Khan (Quwa)]

I'll wait until its confirmed, if its true it would be a game changer for us. I still hope we focus on getting 100% of our energy needs from renewable sources. That should be the long term target.

For us the ability to stop importing oil would be the biggest gain IMO, I don't care for energy exports. We need to take what we can produce and channel it into high-value, manufactured goods (perhaps in renewable and green energy technology). It'll generate more employment and, potentially (via after-sale maintenance and support) give us long-term foreign currency gains.

 

[Thorough Pro]

We should kick out all American companies from Pakistan, I think they get to keep 60~70% of the find and we only get the remainder 30-40%. By now we should be able to dig our own oil wells.

KARACHI: Minister for Maritime Affairs and Foreign Affairs Abdullah Hussain Haroon on Friday said that ExxonMobil has indicated that it is close to hitting huge oil reserves near the Pak-Iran border, which could be even bigger than the Kuwaiti reserves.

Addressing business leaders at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the minister said that ExxonMobil — an American multinational oil and gas company — has so far drilled up to 5,000 meters close to the Iranian border and is optimistic about the oil find.

The Government of Pakistan, he said, has already taken an undertaking from the company to set up a generation complex worth $10 billion.

The government is also encouraging Chinese and Western investment in the country, he added.

He further said that there is a need to integrate the Karachi Port and Port Qasim so that they could supplement each other in the larger interest of the country.

On the occasion, he said the Pakistan National Shipping Corporation (PNSC) has sufficient funds for purchasing two vessels but this will be done by next government.

The minister said that there is greater need to have new area for fish harbour because the existing one has many issues and there is shortage of land. However, he regretted that the harbour is not well kept and hoped that the European Union (EU) will give subsidy for new fish harbour.

“Foreign investors are interested in coming to Pakistan, provided we manage to meet their standards and attract them to make investment,” he stressed.

The minister advised that ports should be developed so that they could meet the country’s demand on the basis of its markets and products and fully supported the Karachi Port Trust (KPT) development projects highlighted by KPT Chairman Admiral Jamil Akhtar.

Responding to a question, Mr Haroon said that there was no need to give Pakistani land to foreigners, adding: “There is need that as a nation should take up such projects of national importance.”


_______________________

Published in Dawn, August 4th, 2018

 

[SQ8]

Balochistan will spike up after this..

 

[Bilal Khan (Quwa)]

Balochistan will spike up after this..

Don't forget the minerals at Reko Diq!

 

[M.AsfandYar]

Assuming its true which is well off the hook to begin with

Balochistan will spike up after this..

 

[Hamza913]

As usual pakistanis celebrating before thr facts come in...

As usual Hindustanis posting without reading.

 

[SQ8]

Assuming its true which is well off the hook to begin with

Exxon Mobil's report is what matters. But if it is true, we are looking at concentrated efforts to get Baluchistan spiked up, and the Iranians too will have their eyes on it.

Don't forget the minerals at Reko Diq!

Those have already been handed over to external profiteers.

 

[MastanKhan]

yes, these r the oil reserves that an AIDE of Ayub Khan was talking abt in his book. The reason why iran helped us in 1965 war was because that we reached a treaty with Shah that Pakistan will not extract oil from Balochistan in next 100 years, so that the oil in Sistan dont go dry as the underground crust of the earth in this area is sloped towards Pakistan, and oil being a liquid will always have tendency to move from lower concentration to higher concentration. Hence the oil under balochistan is much much larger then sistan, but if Pakistan started drilling it then Sistan will turn dry much faster.

Interestingly After Irani revolution the government of Iran broke all the packs and treaties Shah had before for iran and renegotiated them expect for this one nor was ever discussed with Pakistan nor any Pakistani brought this up with them.

If this true then it should be reversed now!

America knew abt this oil reserve all along, this ExxonMobil discovery isnt new which itself is an American company. Because back then also America had done recce of entire Pakistan for resources too during that honeymoon period of Ayub Khan with America.

Hi,

You brought out old memories---.

What I recall was that Irtan h ad threatened pakistan of war if pakistan drilled for oil close to the border in the region where oil was discovered in huge quantities---.

@niaz 's indulgence would be interesting---.

 

[Mrc]

We should kick out all American companies from Pakistan, I think they get to keep 60~70% of the find and we only get the remainder 30-40%. By now we should be able to dig our own oil wells.

We have been looking for oil in same region for 70 years ...

Only reason for this find if confirmed is us vast exposure to oil rigs and their technology....

So I wouldn't rush into doing any thing...

Hi,

You brought out old memories---.

What I recall was that Irtan h ad threatened pakistan of war if pakistan drilled for oil close to the border in the region where oil was discovered in huge quantities---.

@niaz 's indulgence would be interesting---.

I dont think its 1950s any more.... war with pakistan has dire consequences for every nation who may take on that endeavor

 

[PurpleStone]

No wonder Pakistan is not building the pipeline from Iran.

Why Buy when you can take it for free.

Poor Iran.

 

[Bilal Khan (Quwa)]

Exxon Mobil's report is what matters. But if it is true, we are looking at concentrated efforts to get Baluchistan spiked up, and the Iranians too will have their eyes on it.


Those have already been handed over to external profiteers.

Apparently the ones who technically own Reko Diq can't do much there due to the Baluchi government, hence the reason why Pakistan's being sued by the investor.

It's one of those situations where our own corruption (or lack of competency?) is so bad, that you can't even get swindled properly. This oil thing (if true) is going to be the same story.

In fact, part of me even wonders if the lack of resource mining in Pakistan (be it minerals, oil, gas, coal or even hydro-electric dams) is correlated with our unity as though the world will not extract them (and risk the chance of enriching Pakistan) until Pakistan is no longer a factor.

 

[MastanKhan]

We have been looking for oil in same region for 70 years ...

Only reason for this find if confirmed is us vast exposure to oil rigs and their technology....

So I wouldn't rush into doing any thing...




I dont think its 1950s any more.... war with pakistan has dire consequences for every nation who may take on that endeavor

Hi,

This is the 60's---that pakistan discovered huge amounts of oil in its sea and area neighboring Iran---but was threatened with war by Iran---.

This is what I still recall---.

As for threats---pakistanis have no back bone when it comes to Iran---pakistani generals and admin are gutless cowards---.

 

[PashtunBradar]

I’d rather have Iranian/Arab companies in our oil fields than the Americans. At least the cut of the money will go to our Muslims bothers—they will even be less greedy. And also we will build BETTER and MORE important relations with those said countries.

We should NOT even deal with these two-faced, liar, evil, malicious, Mushrik, Kafir, Yahudi, Isahi, etc. Westerners.

 

[Mrc]

Hi,

This is the 60's---that pakistan discovered huge amounts of oil in its sea and area neighboring Iran---but was threatened with war by Iran---.

This is what I still recall---.

As for threats---pakistanis have no back bone when it comes to Iran---pakistani generals and admin are gutless cowards---.

Shah Iran... biggest and largest airforce in Asia....1960s and a weak fragile pak...

2018 ... embattled country besieged by Saudis and USA vs a prolific nuclear state...


Any questions??

 

[doorstar]

.....
As for threats---pakistanis have no back bone when it comes to Iran---pakistani generals and admin are gutless cowards---.

Pakistani civilians and Admins would do anything for money, and have been doing it since its creation.

Pakistani Generals have been capitulating, not because of lack of guts but because of lack of support, lack of resources and abundance of traitors. If ever there was a war between Pakistan and Iran, entire Pakistan Shiite population -- may be including even Ismaili -- would have fought for Iran. Once Pakistan became embroiled in that and its back was turned, Indians would have come in and finished it off

In fact, part of me even wonders if the lack of resource mining in Pakistan (be it minerals, oil, gas, coal or even hydro-electric dams) is correlated with our unity as though the world will not extract them (and risk the chance of enriching Pakistan) until Pakistan is no longer a factor.

I do not wonder but actually believe this! Have you not seen those baying mullahs wanting to takeover the world ? Imagine what they would do if and when they have the resources. ibn e wahhab is one British gift that keeps on giving. Until you eliminate it and related ignorance, superstition and lack of real historical knowledge, you aren't going to be permitted to progress.