Oil reserves in baluchistan that iran told us not to be explored and we agreed, what sort of alif laila story this is. Countries make decisions based on their interests, secondly had it been such a fertile land with oil reserves, we would have seen lots on IOC (International Oil Companies) operating in Pakistan. On the contrary, there is hardly any upstream company operating in Pakistan except ENI which is into gas exploration. And kekrah is their last project which if proves unsuccessful, they will roll back their operations in Pakistan.
Oil in baluchistan is a made up story told to us like many others. They is no oil. Pakistan didnt even stopped its nuclear program because of the agreement with US.
What made ppl think that after all this financial crises Pakistan take agreement with iran seriously ? By the way oil is on the other side of iran. Not at the border with baluchistan..
Fahad
If you have any retired acquaintance from air force, ask him about the C-130 story which were gifted to Pakistan by Raza Shah Pahlvee?
The whole thing will be unfolded then, to you?
Baluchistan is full of oil.
Just pray to Allah that we do not have any security problem in offshore as the drilling is very close to India.
You are right, govts can do and you only need a brave heart to make decisions. Ours monkeys were only after their pockets after Ayub era!
We all do pray everything goes smooth... Good or bad, its our country and after decades of looting by nawaz, zardari and khalai makhloq, a new party got the pedal...
But unfortunately governing with same mentality & dealing everything like old days and I dont think we have got any choice left.
Corrupt & incompetent ministers, IMF, Police, PIA , Ghost Schools, balochistan, Establishment, Chinese, increase in Defence budget... So many issues...
At least we shall give some credit to the new govt as offshore drilling has been halted since 2004!
Exxon tried several time to drill but LNG contract minting was to be done before offshore oil, otherwise LNG contact would been a "dry contract" or may be even nullified.
There is ocean of problems and Imran will keep struggling with a bad team but again, when an honest man is at the top, thigs must go positive!
Some interesting Geo-Political dimensions for Oil in Balochistan and its Impacts. Again its a theory/hypothesis but some of the claims logically do make some sense. Short but Interesting Read
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Pakistan & Gulf Economist
Does Drilling For Oil In Balochistan Bother Iran?
http://www.pakistaneconomist.com/2017/12/04/does-drilling-for-oil-in-balochistan-bother-iran/
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** Estimated Oil & Gas Reserves
"According to an estimate, out of the Pakistan’s estimated 25.1 trillion cubic feet (Tcf) of proven gas reserves, 19 trillion are located in Balochistan. According to another estimate, out of the country’s proven oil reserves of 300 million barrels, largely are located in the province."
** Potential Concerns of Iran
"Balochistan borders Iran, which is rich in oil and gas resources. Some observers believe that discovery and drilling of oil wells in Balochistan may cause the Iran’s oil to flow towards the province, which is physically located below the level of surface in Iran. Some independent analysts have even claimed that Pakistan is bound for not drilling oil wells in southern Balochistan under a deal with Iran, as the neighboring country would lose most of its oil for its flow toward lower landscape."
Some other interesting facts too on Geo-Political aspects...
.........
If we find oil and ExxonMobil stays in Pakistan, it will help ward off any future sanctions that US might slap on Pakistan.
Strong presence of American Corporations in Pakistan can also buy us influence with the lawmakers in Washington, which then can be used to make further in-roads and restart Pak/US relationships.
However, I personally think there is no oil and ExxonMobil is here just to keep Chinese submarines in check and work on future war-plans between India and China.
I pray that I am wrong and there is some oil down there.
With CPEC ongoing and Chinese influence in the region, only factor that involves US strategic interest in PAK is widthdrawl of US troops from AFG. Rest is all secondary. US is clear to IND if it's Iranian oil and Russian defense equipment, go with them and IND already submissive to US on Oil front...
Tillerson was made Sec. of Foreign Affairs due to his Exxon Mobil link for oil diplomacy but that didn't worked.
Chinese and Pakistani officials already placed on US entity list as we type here...
Actually oil does not flow as per the “height gradient” rather it flows as per the “differential pressure” or simply put “pressure drop”!
The reason why Pakistan is having difficulty in drilling in Baluchistan, the Iran reservoir runs multi miles inside Baluchistan. The same reservoir all across borders.
Pakistan can have profit sharing agreement of oil/gas production with Iran. Qatar is having the same with Iran but oil production is inside the Qatari soil.
JDM sb.
You talked out of my heart: Exxon is our insurance policy being near Indian soil. We need an honest oil/gas technocrat to strike best deal with Exxon. But when Imran takes these experts, we all shout…see Imran is neglecting his PTI people??
Our anchors come out from holes and stat crying like crows…
...
Indian ocean has been added in to US pacific command. now called Indo-Pacific Command. US 7th fleet which is forward deployed fleet which covers all the way up Arabian sea now.
So their next strategic interest is to carry war games and beef up things with India to eventually attack China when the times come.
Moreover, Chinese nuclear submarines have been frequent visitor of Indian ocean surfacing in Gawadar and Karachi which is definitely a grave concern not only for India but also for Americans.
Also no one is getting out of Afghanistan, it is pipe-dream sold by Donald Trump. US Generals already rejected that plan and openly stated their positions.
JDM sb.
We do not know how much Pakistan will get out of offshore oil but just from world of mouth that it would be 20% royalty. That is a peanut if that happens!
We know they will take all from the spare parts/maintenance cost as they are putting up full capital in the project.
Another major devaluation dollar gone 148. Please have some mercy on us.
15/05/19
"On IK's order FIA crackdown started against open market money changers. Dollar fell back by 2.25 in open market after hitting record high of 146.25. In inter-bank dollar remained around 141.50 today."
16/05/19
US dollar touches all time high at Rs148 in inter-bank
http://www.forex.pk/inter_bank_rates.asp
https://arynews.tv/en/us-dollar-touches-rs-148-interbank/
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USD literally giving a blood bath to PKR and that too even before the IMF deal formally signed and budget yet to be presented...
.....
Mubarak ho aap jaise loag kush ho jao, Pakistan gaya bhar mein.
There is no hope for a nation who purchases dollars from open market and keep it in their homes, and then everyone create such hype that open market bring the ultimate pressure down.
If 20 crore people buy only 100 dollar from open market, Pakistan will go bankrupt next day.
Congrats to all haramkhor investors. You made you two pennies and destroyed your country once again.
Corrupt businessmen and property investors are the much bigger ghaddars than politicians. they always make money no matter what. that is all they care about.
Practical Example: When big-mouthed, hollow claims back-fire big time!!
US dollar touches all time high at Rs148 in inter-bank
INTERBANK: http://www.forex.pk/inter_bank_rates.asp
interbank
- adjective
"arranged or operating between banks."
"The interbank market is the top-level foreign exchange market where banks exchange different currencies."
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Apparently, "haramkhor investor" & "Corrupt business" is Govt. itself through its banks!
* 'Category A Citizen: Ultra Nationalist' spreading Ghaddar Certificates through 'Mouse Clicks'
JDM, everyone has the right to protect their hard earned money. These politicians looted the country and are still living in luxury.. Awaam hi bani hai qurbani k lye?
I have invested alot in properties and lost overnight in millions cuz of all this happening. I wish i had changed to dollars instead of properties.
Jehangir tareen is one of the biggest exporter of Sugar in Pakistan. There is condition that bank defaulters cannot export sugar but he still does.
Some years back sugar price was Rs.72/kilogram in retail and Government allowed sugar exports and also gave Rs.10/kilogram subsidy on export and exporter made millions ( 90% of sugar exporters and millers are our politicians ).
And after sometime due to shortage of Sugar Pakistan imported it from India at Rs.72/kilogram.
And same kind of corrupt practices are going on , land in Faisalabad which is famous for cotton, they are using it for Sugarcane and will get subsidies by ruining cotton industry. But nobody can ask them.
They dont even pay sugar cane farmers for months and have banned export of Sugar cane. So that only these millers can export Sugar ( as nobody is allowed to export sugar other than quota millers )
In Pakistan Sugar cane price is Rs.8/kg and in Europe , its price is 80/kg' Huge revenue can be earned but the problem would be politicians and millers will get nothing..
Farhad Azhar sahib, why do our government not work on the STEVIA LEAF, which is 1000 times sweetener than the white posion i.e Sugar and it does not increase the blood sugar...... we are agricultural country...... why do we not grow or promote it???
The big bellies touching the ground are just because of sugar and wheat.......
.@ ilyas sb
I have heard that stevia leaf production was started in Punjab some years back but I guess If stevia leaf can bring bucks for politicians like sugar. She can be the next big halal thing :)
We call ourselves agriculture country but its one of the biggest lie we tell ourselves, Actually we are biggest Agriculture wastage countries..
More than 50% of our vegetables and fruits gets wasted because rules are really tough to export them.
5-6 years back some exporter was caught at islamabad airport smuggling herione in Cabbage. After that Plant Department at Islamabad airport dont issue certificate of export for Cabbage, bas kafir hogai bechari Cabbage :)
3 months back one of my father's friend , who runs one of the biggest poultry business in Pakistan.
He wanted me to export his farm eggs and after checking his costs , he gave me a very minimum rate for $27 for 360 eggs. I talked with someone in Dubai. And they told me that they are getting for $19 for 360 eggs from Ukraine.
I mean if we cannot compete with europe for
export of eggs. What else we can export ?
Patwaries and Zardaries have sugar mills and they would never let the stevia leaf get into our market to be healthy.........
What about medicinal marijuana? Do you know it is wildly grown every where in Islamabad and it is a billion and billion $ plant.........