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Why the gas pipeline was not routed through northern Afghanistan to Pakistan to J&K. Indians first vacate the occupied land and then get the gas.Turkmenistan completes its section of TAPI pipeline
ISLAMABAD: Turkmenistan has completed construction of the gas pipeline in its section under the Turkmenistan, Afghanistan, Pakistan and India (TAPI) project, following which a ground-breaking ceremony is scheduled to be held at the Turkmen border city of Serhetabat on Friday to take the pipeline to Afghanistan.
The grand inaugural ceremony would be preceded by a Steering Committee meeting of the project’s participating countries – Turkmenistan, Afghanistan, Pakistan and India – at Mary City in Turkmenistan.
We are turning TAPI into reality: PM Abbasi
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi addressed on Friday the inaugural ceremony of Turkmenistan–Afghanistan–Pakistan–India (TAPI) project in Serhatabad, Turkmenistan.
During his address, the premier appreciated President of Turkmenistan Gurbanguly Berdimuhamadov for converting a mere gas pipeline project into an energy and communication corridor.
“This is a momentous occasion, we are turning TAPI into reality,” said PM Abbasi. “It recreates historical linkages for the region.”
The government has decided to facilitate companies that want to set up refineries along the coastal belt of Balochistan by waving taxes for 20 years, said Ministry of Petroleum and Natural Resources Director General Oil Abdul Jabbar Memon.
The only condition is that the companies should be able to produce 100,000 barrels per day of oil.
Pakistan, with the assistance of the UAE, is setting up a state-of-the-art refinery at Hub, Balochistan with an investment of $5 billion, which will refine 250,000 barrels per day.
Byco Vice President Operations Mansoor Shafique Qureshi said Byco had invested much time, effort and resources in the commissioning of the catalytic reformer, which would give additional strategic advantage of producing significantly more high quality motor gasoline.
Byco has planned many additional upgrades and investments and these will be unveiled as they are rolled out. It is already Pakistan’s largest oil refining firm with a design production capacity of 155,000 barrels per day by its two oil refineries, he said.