Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
Under Musharaf, the country is in a iunprescdented oil and energy crisis... So dont hold you breath with this incompetant dictato at the helm.
What is the price of barrel of oil these days? Any ideas?
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
What is the price of barrel of oil these days? Any ideas?
No I dont, why dont you tell me?
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
Incompetance of Musharaf on display again… Completely unprepared to meet the countries energy needs…
This is a problem that will have to be tackled by a competant democraticaly elected govt free of “president” Mush.
http://www.dawn.com/2007/12/11/top1.htm
Crisis as oil stocks hit rock bottom
By Khaleeq Kiani
ISLAMABAD, Dec 10: Pakistan’s oil reserves have plummeted to the lowest-ever level in the country’s history and the stocks of major oil products — kerosene and diesel — are sufficient for six days only.
Under the standard operating procedures (SOPs), the government and its companies are required to maintain a minimum of 21-day stocks of every product at all times to cope with any eventuality. The SOPs are defined in the ‘Blue Book’ meant for strategic government organisations to handle crises.
Informed sources told Dawn that the situation had not aggravated in a day or two. The ministry of petroleum had been informing the government about the situation consistently since late October.
Despite repeated attempts, Petroleum Secretary Farrukh Qayyum and additional secretary Shaukat Hayat Durrani could not be reached for comment.
However, according to petroleum experts, there will be no immediate impact of the depletion on the common man. But the situation can lead to a crisis in future and should be handled with extreme care, they added. Statistics confirmed by sources in the petroleum ministry and oil industry reveal that total kerosene stocks at present stood at less than 3,800 tons, sufficient only for four days.
Pakistan’s current kerosene requirement is 920 tons per day. The country has total kerosene storage capacity for 80 days and the current storage is about nine per cent of the total capacity.
Likewise, current high speed diesel stocks are at around 125,457 tons, which can meet consumption requirement of six days at the average need of about 22,000 tons per day. The country has the capacity to store HSD to the extent of 39 days of requirement. As such, total usable stocks are about 19 per cent of the available capacity.
Light diesel oil, comparatively a low-consumption product, has a stock of about 2,500 tons that is enough for four days, at the rate of 558 tons per day, which is 14 per cent of its total storage capacity of about 42 days of consumption.
The situation is comparatively better for furnace oil, petrol, HOBC and jet fuel as their stocks were enough for 26 days, 15 days, 22 days and 20 days, respectively, are much lower than last year.
The country has storage capacity of these products for 75 days, 33 days, 131 days and 34 days, respectively. This means that only 39 per cent, 49 per cent, 21 per cent and 49 per cent of storage capacity is being utilised at the moment.
The sources said the major reason for the drop in stocks was cash problems faced by the oil companies to have sufficient imports and non-availability of cargo in Arab countries because of advance supply orders.
Secondly, some of the refineries have increased their jet fuel production that directly affects kerosene production because both are alternative products.
The punchline, however, is that kerosene is a subsidised product that affects oil companies’ cash flow in the wake of price differential claim while jet fuel is a cash product and attracts payments in dollars it is sold to allied forces engaged in the “war on terror”.
With no real increase in domestic consumption, Pakistan’s oil import bill was estimated at $8.8 billion when the budget was announced, but this figure was likely to exceed $10 billion, the sources said.
The government had estimated that crude price would not exceed 70 dollars per barrel, but it went up as high as 98 dollars per barrel.
Diesel is usually described as ‘killer fuel’ because of its harmful impact on the environment. About 7.5 million tons of diesel was consumed in the country, as against a total oil consumption of 17.5 million tons. Furnace oil has the second largest share and remains in the range of 5-7 million tons depending upon power production requirements.
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
It is $91/barrel. Thanks to the unprecdented economic growth and unprecedented amount of foreign currency in its coffers, Pakistan is mashallah still able to buy the oil. Just imagine what dire straites Pakistan would have been in if NS or BB were leading Pakistan.
God bless President Musharaf for the Unprecdented Economic Growth and the Foreign Investment that is coming into the coutry. 
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
Prove it…
Musharaf is a liar and so are his supporters. Pakistan cant buy oil, thats the point… LOL. Your confused.
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
So as compared to 21 days, Musharraf can only keep 6 days supply? This is the fragility of our economy, it might look like a boost on paper, but in reality its not a tiger, its more like a little billi.
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
So as compared to 21 days, Musharraf can only keep 6 days supply? This is the fragility of our economy, it might look like a boost on paper, but in reality its not a tiger, its more like a little billi.
Yeah, Musharaf has completely ignored the energy sector... Now even Lahore has load shedding for up to an hour... I guess he expects the HUGE new industrial complexes to run on the delusions and fanatasies of of his supporters... :)
God forbid there were a war at this point with just 6 days of oil... If I were India, I would be listening intently...
And we all know the govt fudges with the numbers, so no one trusts Pak govt figures very much, so who really believed Pakistan was ever a tiger?!?!
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
If I were India, I would be listening intently..
India is peace loving nation.
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
Haan, larne wala sirf hum hai. Is that what you wanna say?
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
wow you totaly proved how antipakistan you are.
its a shame we have these people here, who are probably indians posting as pakistanis coming in every development topic and bashing, its, SHAME SHAME.
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
wow you totaly proved how antipakistan you are.
its a shame we have these people here, who are probably indians posting as pakistanis coming in every development topic and bashing, its, SHAME SHAME.
Im not Anti Pak Behta, im just VEHMENTLY Anti Musharaf... I hate him with an unbriddled passion. And since Musharaf is a dictator and has nothing to do with Pakistan, BEING ANTI-MUSHARAF IS BEING PRO PAKISTANI!
You should join the side of all patirotic and conscientious Pakistanis against this dictator, but your to infatuated by him to see any logic or reason... You lack the courage to examine what ou believe, other wise you would understand why everyone is against this dictator.
Your actually Anti PAKISTAN!
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
There can’t be many Pro Pakistanis in Pakistan then. 
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
Im not Anti Pak Behta, im just VEHMENTLY Anti Musharaf... I hate him with an unbriddled passion. And since Musharaf is a dictator and has nothing to do with Pakistan, BEING ANTI-MUSHARAF IS BEING PRO PAKISTANI!
You should join the side of all patirotic and conscientious Pakistanis against this dictator, but your to infatuated by him to see any logic or reason... You lack the courage to examine what ou believe, other wise you would understand why everyone is against this dictator.
Your actually Anti PAKISTAN!
your antipak so stop the drama.
we can all see how you bash every single project being made in pakistan, left right center, you have become a joke
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
your antipak so stop the drama.
we can all see how you bash every single project being made in pakistan, left right center, you have become a joke
You a disgrace and you hate Pakistan.. Hope they kick you out along with you beloved dictator.
These arent projects, these are just ways for you dictator supporters to fool people into thinking this dictator has done some good for the country...
To bad your lies are so easy to expose.
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
You a disgrace and you hate Pakistan.. Hope they kick you out along with you beloved dictator.
These arent projects, these are just ways for you dictator supporters to fool people into thinking this dictator has done some good for the country...
To bad your lies are so easy to expose.
again like i said, stop your drama baazi, you have been exposed and we all can see your here to bash pakistan and do nothing else.
if i hated pakistan i wouldnt be posting about all its development and booming economy, so nice try but it didnt work, you ahve been exposed
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
again like i said, stop your drama baazi, you have been exposed and we all can see your here to bash pakistan and do nothing else.
if i hated pakistan i wouldnt be posting about all its development and booming economy, so nice try but it didnt work, you ahve been exposed
Again everything you say is about as worthless as the words of the dictator... Both are drama queens who hate Pakistan and her People.
Your a supporter of a man who has defaced the constituion, deprived people of justice, and has been a failure in every way.
Sharam Karo...
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
Again everything you say is about as worthless as the words of the dictator... Both are drama queens who hate Pakistan and her People.
Your a supporter of a man who has defaced the constituion, deprived people of justice, and has been a failure in every way. Sharam Karo...
i am a supporter of a man
- who has given pakistan a new life after being declared a failed state
- who has brought a massive economic boom
- who has improved education and healtcare over 100 times since he came
- has built a infranstructure system in pakistan from scratch.
etc.. the list is endless
you are just a dramabaazi, here to bash pakistan
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
i am a supporter of a man - who has given pakistan a new life after being declared a failed state - who has brought a massive economic boom - who has improved education and healtcare over 100 times since he came - has built a infranstructure system in pakistan from scratch. etc.. the list is endless
you are just a dramabaazi, here to bash pakistan
Your list is BS.. GARBAGE!
You a supporter of a man..
-Who is incompetsant and has driven Pakistan into the hands of terrorists..
-Who has screwed up the economy, making the poor poorer and the richer richer...
-A man under whom there have been more uprising and instability then ever... Blaochistan to FATA you name it.
- A man who has destroyed whatever chance for representative democracy was left..
- A man who has defaced and disgraced the constitution.
- A man that has illegally imprisned innocent people, undermined civil society all to perpetuate his own power...
- A man under whom PAKISTAN IS AMONG THE MOST CORRUPT COUNTRIES IN THE WORLD.
- A man under whom the country is one of the most illiterate and backwards in the world.
Should I continue?
Once again. SHARAM=, SHARAM KARO.
You have seen how unpopular this dictator is and yet you go against the will of the people to support this dictator?
You obviously hate PAKISTAN, Because you would rather see it trounced upon by the evil dictator...
You love Musharaf the man but Hate pakistan the Country.
Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist
Your list is BS.. GARBAGE! You a supporter of a man.. -Who is incompetsant and has driven Pakistan into the hands of terrorists.. -Who has screwed up the economy, making the poor poorer and the richer richer... -A man under whom there have been more uprising and instability then ever... Blaochistan to FATA you name it. - A man who has destroyed whatever chance for representative democracy was left.. - A man who has defaced and disgraced the constitution. - A man that has illegally imprisned innocent people, undermined civil society all to perpetuate his own power... - A man under whom PAKISTAN IS AMONG THE MOST CORRUPT COUNTRIES IN THE WORLD. - A man under whom the country is one of the most illiterate and backwards in the world. Should I continue?
Once again. SHARAM=, SHARAM KARO. You have seen how unpopular this dictator is and yet you go against the will of the people to support this dictator? You obviously hate PAKISTAN, Because you would rather see it trounced upon by the evil dictator... You love Musharaf the man but Hate pakistan the Country.
dude i have said it many times before just give up, you have been exposed, we know how you hate pakistan and your bashing is evidant of that, your exposed man, stop your drama baazi, and go back to your country which ever one it is, india?