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[3] [7] A year later, in 2002, Mari Gas, Total, and their contracting partners—Petronas, OMV, and the Oil and Gas Development Company—signed Pakistan's first-ever Production Sharing Agreements (PSAs) with the Government of Pakistan. [8] Mari's tariff was cost-plus but it was changed to international crude prices, starting from 2014-2015. [9]
The Largest Gas Producing province of Pakistan is Baluchistan. The Sui gas field is the biggest natural gas field in Pakistan. It is near Sui in Balochistan. The gas field was discovered in the late 1952 and the commercial exploitation of the field began in 1955. Sui gas field accounts for 6% of Pakistan's gas production. [14]
Natural gas production is at a relatively high level and remaining reserves are estimated to be about 885.3 billion cu m (1 January 2009 est.). Pakistan's gas fields are only expected to last for about another 20 years at the most due to heavy industrial usage. [10] [11] The Sui gas field is the biggest natural gas field in Pakistan.
Inter State Gas Systems (Private) Limited (ISGS) was established in 1996 as a private limited company. In order to meet the growing energy deficit in the country, the Government of Pakistan (GOP), besides encouraging local exploration and production, plans to import natural gas from across its borders from Iran and Turkmenistan.
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
Oil & Gas Development Company Limited, commonly known as OGDC, is a Pakistani state-owned oil and gas company headquartered in Islamabad. [2] It is listed on the Pakistan Stock Exchange and the London Stock Exchange. [3] It is the largest company in Pakistan in terms of market capitalisation, [4] and has repeatedly ranked among the Forbes ...
Sui Southern Gas Company's history goes back to Sui Gas Transmission Company (SGTC) which was established in 1954 to purchase natural gas from Pakistan Petroleum Limited, which had discovered natural gas in Sui, Balochistan in 1952. [3] The company was responsible for transporting gas to Karachi and other intermediate markets via pipeline. [3]
Pakistan State Oil is a Pakistani petroleum corporation involved in marketing and distribution of petroleum products. [3] It has a network of 3,689 petroleum filling stations , out of which 3500 outlets serve the public retail sector and 189 outlets serve wholesale bulk customers.