Tapi project to be completed during PTI’s tenure, Senate told
AUG 28TH, 2018 ISLAMABAD: Minister for Petroleum and Natural Resources Ghulam Sarwar Khan Tuesday said the government would complete the Turkmenistan, Afghanistan and Pakistan (TAPI) project during its tenure. Responding to the question of Senator Chaudhry Tanvir Khan in Senate, he said Memorandum of Understanding (MoU) between the Ministry of Oil and Gas of Turkmenistan and the Ministry of Energy (Petroleum Division) of the Islamic Republic of Pakistan on further development of cooperation in the field of Fuel and Energy Sector was signed on March 16, 2017. He said the MoU is valid for five (05) years. The MoU envisages multiple areas of mutual cooperation to development in the field of fuel, LPG, Oil, Gas and energy sector of the two states. This cooperation may include exchange of experience, participation in building of Oil & Gas installations as well as import of Liquefied Natural Gas from Turkmenistan. The Commission laid emphasis on the need of early meeting of the Joint Working Group on Oil and Gas and also noted there is need to find a way forward for implementation of MoU signed by both countries. Ministry of Energy (Petroleum Division) has also constituted the Joint Working Group of senior officers.
New policies to be introduced to produce cheaper energy, senate told
AUG 28TH, 2018 ISLAMABAD: New policies would be introduced to produce cheaper energy, Adviser to Prime Minister on Parliamentary Affairs Zaheer-ud-din Babar Awan told at the floor of the Senate here on Tuesday. Babar said after cost analysis cheaper energy could be produced and the relevant ministry would go through the policy making process. While responding to the point raised by Senator A Rehman Malik, he said, “We will make policy to generate cheaper energy. It will also be checked as to why cost energy analysis of this sector has not been done in the past. A Rehman Malik said, two energy sources were cost effective including wind and hydro power and the government had the policy to set up power plants at Indus rivers starting from Gilgit, adding it was discriminatory that in Sindh for the last three years no new energy project had been started. He suggested that by using wind and hydro energies, the government should produce cost-effective system in the country. Adviser to Prime Minister on Parliamentary Affairs Zaheer-ud-din Babar Awan told that senate, we have been funding four nuclear power plants. He told that At Present (04) NPPs are contributing towards the National Grid, in 2017 in C1 325, in C2 325, in C3 and C4 340/340 mega watt electricity have been produced.
US energy giant ‘close to discover’ oil reserves bigger than Kuwait in Pakistan
AUG 6TH, 2018 The US-based energy giant ExxonMobil is close to discover huge oil reserves near the Pakistan-Iran border, which could be even bigger than the Kuwaiti reserves. This was revealed by Abdullah Hussain Haroon, Pakistan’s caretaker minister for maritime affairs and foreign affairs, while addressing the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday. ExxonMobil has so far drilled up to 5,000 meters close to the Iranian border and is optimistic about the oil discovery, Haroon claimed. If the oil deposits are discovered, Pakistan will become one of the top 10 oil-producing countries ahead of Kuwait, which sits at sixth position, quoted Arab News. Kuwait’s oil reserves make up 8.4 percent of the oil reserves in the world. Kuwait claims to hold about 101.50 billion barrels, including half of five billion barrels in the Saudi-Kuwaiti neutral zone, which Kuwait shares with Saudi Arabia. According to current estimates, 81.89 percent of the world’s proven oil reserves are located in Organization of the Petroleum Exporting Countries (OPEC) member countries, with the bulk of oil reserves in the Middle East, amounting to 65.36 percent of the OPEC total, latest OPEC data shows. Hussain also informed that the government has already taken an undertaking from ExxonMobil to set up a generation complex worth $10 billion. “They are also putting up an LNG berth at Port Qasim, the second seaport in Karachi. They have already paid for the drilling rights in Pakistan,” Haroon added. During Jul-Febuary 2017-18, the country imported 60.4 million barrels of crude oil, while it locally extracted 21.8 million barrels oil, reported Business Recorder. Indigenous crude oil meet only 15 percent of the country’s total requirements, while 85 percent requirements were met through imports in the shape of crude oil and refined petroleum products.
Neelum Jhelum Project’s last unit start power generation
AUG 14TH, 2018 ISLAMABAD: The fourth and the last generating unit of 969 MW Neelum-Jhelum Hydropower Project has also been successfully synchronized with the National Grid on Monday which has started providing power to the system on trial basis. During its trial run, this unit will be tested on various loads ranging up to 242 MW, said a WAPDA press release issued here. With successful commissioning of its all four units, Neelum Jhelum Hydropower Project is expected to attain its installed generation capacity of 969 MW in couple of days. It is worth mentioning here that three units of Neelum Jhelum Hydropower Project have already been generating 726 MW of electricity and since commissioning of its first unit in April 2018, has contributed around 900 million units of electricity to the National Grid. Neelum Jhelum Hydropower Project has been constructed in the vicinity of Muzaffarabad in Azad Jammu & Kashmir. The project has four generating units, each of them having 242.25 MW capacity. The project will contribute about 5 billion units per annum to the National Grid with annual benefits of Rs 55 billion.