Louisiana Light • 2 days | 110.6 | -3.61 | -3.16% | |||
Bonny Light • 2 days | 118.0 | +1.30 | +1.11% | |||
Opec Basket • 2 days | 116.0 | +1.16 | +1.01% | |||
Mars US • 24 mins | 106.1 | -0.42 | -0.39% | |||
Gasoline • 45 mins | 3.811 | +0.013 | +0.35% |
Bonny Light • 2 days | 118.0 | +1.30 | +1.11% | |||
Girassol • 2 days | 113.3 | +0.55 | +0.49% | |||
Opec Basket • 2 days | 116.0 | +1.16 | +1.01% |
Peace Sour • 16 hours | 105.7 | +0.01 | +0.01% | |||
Light Sour Blend • 16 hours | 107.8 | +0.01 | +0.01% | |||
Syncrude Sweet Premium • 16 hours | 111.4 | +0.01 | +0.01% | |||
Central Alberta • 16 hours | 106.0 | +0.01 | +0.01% |
Eagle Ford • 17 hours | 107.7 | -0.52 | -0.48% | |||
Oklahoma Sweet • 17 hours | 106.3 | -0.50 | -0.47% | |||
Kansas Common • 2 days | 100.5 | -3.00 | -2.90% | |||
Buena Vista • 2 days | 113.8 | +1.20 | +1.07% |
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A senior official in Pakistanâs Finance Ministry, speaking on condition of anonymity, said that the U.S. government is considering providing $1 billion for Pakistanâs Diamer-Bhasha dam over a period of five years.
The offer will reportedly be finalized during the upcoming Pakistan-U.S. strategic dialogue on energy, tentatively scheduled for 14-15 September.
The official said, "Carlos Pascual, the State Department special envoy and coordinator for international energy affairs, will lead the U.S. side while Finance Minister Dr Hafeez Sheikh will head the delegation during the two-day talks," The News Online reported.
The U.S. government has repeatedly expressed concern of the state of Pakistanâs energy infrastructure. Since 2008 the Pakistani government has spent hundreds of millions of dollars in the nationâs power sector attempting to resolve numerous issues including subsidies, inefficiency, mismanagement and line losses, which in turn has aggravated the countryâs debt, which U.S. authorities label the main hindrance in attracting foreign investment in the nationâs power sector. As Washington has become increasingly aware that Pakistan is facing serious water problems the U.S. government has decided to help Pakistan build the dam to increase water storage capacity despite its misgivings about Pakistanâs energy sector.
By. Joao Peixe, Deputy Editor OilPrice.com
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