• 3 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 7 minutes Saudi and UAE pressure to get US support for Oil quotas is reportedly on..
  • 11 minutes China devalues currency to lower prices to address new tariffs. But doesn't help. Here is why. . . .
  • 15 minutes What is your current outlook as a day trader for WTI
  • 8 hours Long Range Attack On Saudi Oil Field Ends War On Yemen
  • 1 hour Maybe 8 to 10 "good" years left in oil industry * UAE model for Economic Deversification * Others spent oil billions on funding terrorism, wars, suppressing dissidents * Too late now
  • 6 hours Will Uncle Sam Step Up and Cut Production
  • 12 hours In The Bright Of New Administration Rules: Immigrants as Economic Contributors
  • 6 mins Domino Effect: Rashida Tlaib Rejects Israel's Offer For 'Humanitarian' Visit To West Bank
  • 5 mins 'No - Deal Brexit' vs 'Operation Fear' Globalist Pushback ... Impact to World Economies and Oil
  • 21 hours Gretta Thunbergs zero carbon voyage carbon foot print of carbon fibre manufacture
  • 16 mins CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 1 day NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 21 hours Continental Resource's Hamm wants shale to cut production. . . He can't compete with peers.
  • 28 mins Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 1 day Significant: Boeing Delays Delivery Of Ultra-Long-Range Version Of 777X
  • 1 day Why Oil is Falling (including conspiracy theories and other fun stuff)
Shale Bankruptcies Are On The Rise

Shale Bankruptcies Are On The Rise

The number of shale bankruptcies…

The U.S. Plans To Send Nuclear Reactors To Space

The U.S. Plans To Send Nuclear Reactors To Space

Despite the nuclear industry stumbling…

Pakistan Seeking Wavier on Iranian Natural Gas Pipeline Project

Pakistan had applied to Iran for a six-month wavier in beginning a bilateral natural gas pipeline project in order to avoid a $200 million penalty fee.

The $3 billion Iran-Pakistan natural gas pipeline project, which earlier was scheduled to begin operations by 31 December 2014, will now be delayed until June 2015, Islamabad’s The News Online reported.

According to a high ranking official in Pakistan’s Ministry of Petroleum and Natural Resources, speaking on condition of anonymity, "The authorities in Tehran are considering Pakistan's proposal and will come up with their reply in the meeting of Iran-Pakistan Coordination Committee that is scheduled for August 25. We are quite confident that Pakistan will be able to complete the project well before December 31, 2014, as we have completed the survey for laying the pipeline from MP 250, a point at Pak-Iran border, to Nawabshah but we have sought the waiver only to avert the penalty of $200 million, which will be imposed under the take and pay clause of the agreement if Pakistan misses the December 31, 2014 deadline. There are some unforeseen factors that have appeared as hurdles in starting phase-1 on time as Pakistan is at war with militants and faced with an appalling law and order situation in Balochistan."

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play