Tuesday, April 21, 2009, Rabi-us-Sani 24, 1430 A.H  
   News in English
   News in Urdu
   Program Profiles
   Corporate Profile
   News Archive
   Contact Us
   GEO NewsAlert
   GEO Wallpapers
   Transcripts of Program
   Team GEO
 GEO Business
 Govt. to revise Kadanwari gas sale agreement
 Updated at: 1601 PST,  Tuesday, April 21, 2009
Govt. to revise Kadanwari gas sale agreement KARACHI: The government has started the process of revising the gas sale agreement with Kadanwari Gas Field, which is currently supplying the costliest gas.

Gas purchase agreement with Kadanwari Gas field was made in the 90s decade and its price at Rs940 per MMBTU is the highest as compared to any other fields’ in Pakistan.

Sources said that this Field falls in a special zone; where under interim petroleum policy this price was given, which is now being revised and likely to be finalized within one month, by virtue of which the price would be lowered.

Sui Gas Field’s gas is priced at Rs168 per unit, Loti at Rs109, while from Miano Field at Rs350 per MMBTU. Sources told that OGDCL owns 50 percent of Kadanwari Gas Field, while ENI Company was its operator. Sui Southern Gas Company buys 35 to 43 MMCFD of gas from this Gas Field, while it has the capacity of supplying 60 MMCFD of gas.
Back     |    Send this story to friend    
Share this story!   
» GEO Pakistan
LESCO van stolen in Lahore
Governor welcomes approval of Sindh development projects
Murtuza Bhutto case police officers’ relief decision declared void
Taliban set up check posts in Buner
Constitution sanctity will be maintained: Rehman Malik
» GEO World
Turkish police detain 17 in Al-Qaeda operation
Indian EC accused of favouring ruling Congress
Sudan leader in Ethiopia despite genocide warrant
Police say 24 killed in central Kenya
US troops in Iraq head to Afghanistan
» GEO Business
Govt. to revise Kadanwari gas sale agreement
Banks’ 6 months Kibor down by 25 basis points
KSE members welcome discount rate cut
Industrialists say one percent interest rate cut insufficient
Oil prices mixed in Asian trade
» GEO Sports
PCB liable for stripping off World Cup matches: Waqar
Younis says won't underestimate weakened Australia
IPL: Chennai outclass Bangalore
IPL: Chennai set 180-run target for Bangalore
Younis urges mates to give off their best
Copyright © GEO TV. All rights reserved.