Articles for tag: Amendments to the OGRA Ordinance, circular debt pakistan, Committee of Foreign Minister Ishaq Dar, Consulting the E&P industry, Digitization Petroleum Directorate, drilling, ease of doing business pakistan, Exploring security mechanisms, ExxonMobil Offshore Drilling, Government, improvement of the oil and gas sector, Integrated Energy Plan, LNG imports from Pakistan, modifications of the offshore fiscal regime, offshore, offshore drilling bidding options;, offshore drilling with government participation, Pakistan offshore drilling, Petroleum Department Reforms, reform, Restructuring Sui companies, Shehbaz-led offshore government plan, tax holidays offshore drilling, UAE Pakistan Investments, weighs

September 7, 2024

Islamabad: The government is actively exploring two options for amending the offshore fiscal regime, with the aim of reviving interest in offshore drilling through tax breaks and strategic investments from friendly states. Earlier, Pakistan attempted offshore drilling in partnership with US energy giant ExxonMobil, after a nine-year hiatus. However, the venture was unsuccessful, with conspiracy theorists blaming ExxonMobil for a lack of commitment to drilling in the waters offshore Karachi. Sources reveal that ExxonMobil had requested a larger exploration area offshore Karachi, but security concerns prevented the government from granting the request. Now, the Shehbaz-led government is formulating a new

September 1, 2024

News Desk

Business

The government is considering a utility exchange for the gas crisis

Islamabad: As ill-conceived and costly liquefied natural gas (LNG) imports have reduced domestic gas supplies, the government is now considering a proposal to switch gas supplies between two utilities. This proposal will be discussed at a high-level meeting chaired by Finance Minister Ishaq Dar on September 2. Sources told The Express Tribune that ill-timed LNG imports have led to a cut in domestic gas supplies, adversely affecting the cash flows of exploration companies. Natural gas utilities have reportedly refused to receive the full volume of domestic natural gas supplies due to contracted LNG imports from Qatar, resulting in financial hardship

Government weighs offshore drilling reform

The government is considering a utility exchange for the gas crisis

Dar Departs for Istanbul to Attend First-Ever R-4+E-3 Foreign Ministers’ Meeting

Deputy Commissioners in KP Given Power to Detain Without Charge

Four Police Killed in Karak, Including a CTD Superintendent