Economic Review articles from March 1998

Economic Review archives from March 1998

PAI: another unholy alliance. (Pakistan Awami Ittehad)
March 1, 1998... The alliance though does not have anything in its fold to deliver to the common man on the street but it has the potentials of heating the atmosphere and destabilising the power structure. Another unholy alliance, Pakistan Awami Ittehad (PAI)...

Second Oil & Gas Summit '98. (petroleum industry)
March 1, 1998... The three-day summit was held at Islamabad in which over 370 top level representatives from 26 countries participated. The Summit was organised by the London-based "First Conferences" in collaboration with the Ministry of Petroleum and Natural...

Gas as substitute of oil.
March 1, 1998... Referring to oil, Prime Minister said, a total of 600 million barrels oil reserves had been proven to exist in the country although the potential was considered much higher. "The presently remaining reserves of oil are only about 200 million...

Gas finds will ad 4 tcf. (trillion cubic feet; policy on petroleum industry)
March 1, 1998... As a major new policy initiative, the old formula of guaranteed rate of return to new refineries has been replaced by a market related commercial formula. This has also been offered with 1997 Petroleum Policy. A number of refinery proposals which...

Petroleum policy - 1997. (Pakistan's policy on petroleum industry)
March 1, 1998... Pakistan's indigenous supply of oil of around 60,000 barrels per day meets only about one-sixth of the country's current oil requirement and the balance is met through imports at a high cost of US$2.5 billion. This cost will continue to increase...

Refining opportunities in Pakistan.
March 1, 1998... Demographic trends, economic growth and energy efficiency are the three main factors which have a significant influence on energy consumption. The developing countries in contrast to the developed are experiencing a high degree of demographic...

Oil and gas discoveries. (Pakistan)
March 1, 1998... There were 10 oil and gas discoveries in recent years so far of which five are gas, 4 oil and 1 gas condensate. Most of these discoveries are in the southern districts on Indus basin. These discoveries are now being appraised for confirmation of...

Burshane (Pakistan) Limited. (liquified petroleum gas firm)(Company Profile)
March 1, 1998... Indigenous production from Meyal and Dhurnal, the fields which supply Burshane, is fast depleting. To prepare company's for the large business challenges in the future, a number of initiatives in business re-engineering, restructuring, training...

Haroon Oils Limited. (petroleum company)(Company Profile)
March 1, 1998... The total quantity of Lubricants sold by Haroon Oils Limited was 8,389 metric tons against 8,064.6 metric tons manufactured during the year under review, The company contributed an amount of Rs.157.65 million to the National Exchequer. Sales...

Mari Gas Field. (natural gas company)(Company Profile)
March 1, 1998... Company Profile The Mari Gas Field is located in eastern portion of Central Pakistan, approximately 270 miles North East of Karachi. ESSO Eastern Incorporated (EEI) discovered Mari Field in 1957 with the drilling of Mari X-1. The gas was...

Mathtech. (petroleum company Mathtech Pakistan)(Company Profile)
March 1, 1998... Mathtech Pakistan is a member of the US-based Mathtech Holding Corporation which has a 38 years tradition of providing quality service to government, commercial and noncommercial clients around the world. Building upon the experience of its core...

National Refinery Limited. (petroleum refinery company)(Company Profile)
March 1, 1998... The company made an investment of Rs.689.63 million on Energy Conservation Project during the last five years. The company is also installing additional tankage of 45,000 tons Crude Oil capacity to achieve Crude Oil inventory level upto 22 days....

Nuricon Union PTE Limited. (provider of petroleum for power generation application)(Company Profile)
March 1, 1998... Nuricon Union (PTE) Limited incorporated in 1975, is Pakistan's leading energy supply and service company with the mission to provide comprehensive service to Pakistan's Energy Industry. It represents "Top of the line" accounts and helps them...

Pakistan Oilfields Limited. (oil exploration and production company)(Company Profile)
March 1, 1998... Pakistan Oilfields Ltd. (POL) promoted by Attock Oil Co. Ltd. (AOC) was incorporated on June 25, 1950 as a Pakistani oil exploration and production company, subsequent to the promulgation of the Pakistan Petroleum and Production Rules 1949. The...

Sui Northern Gas Pipelines Limited. (oil company)(Company Profile)
March 1, 1998... The company entered into an agreement with Unocal Central Asia and Delta Oil Company on Sept. 5 for import of 1000 mmcfd gas from Turkmenistan to Pakistan at Multan by December 2001, rising in equal increments over a five year period to a level...

Unocal Pakistan Limited. (subsidiary of Unocal Corporation of the USA)(Company Profile)
March 1, 1998... Unocal Pakistan Ltd. is a wholly owned subsidiary of Unocal Corporation of the USA. Unocal Corporation is a worldwide producer of oil and gas with major operation in the United States, Thailand and Indonesia. Unocal's worldwide production of...

A new era in the history of Kuwait's oil industry.
March 1, 1998... Establishment of Kuwait Petroleum Corporation, through an Amiri decree in 1980, heralded the beginning of a new era in the history of Kuwait's oil industry. By virtue of this decree, Kuwait Petroleum Corporation (KPC) was set up in January 1980...

Pakistan Petroleum Limited. (oil company)(Company Profile)
March 1, 1998... - A Profile Pakistan Petroleum Limited (PPL) was incorporated on 5 June, 1950 subsequent to the promulgation of the Pakistan Petroleum Production Rules, 1949, with the main objective of conducting exploration, development and production of...

ENAR Petrotech Services (Pvt) Ltd. (provides local engineering services)(Company Profile)
March 1, 1998... - A profile Background and Objective ENAR Petrotech Services (Pvt) Ltd. (ENAR) was formed in 1972 as a Division of National Refinery Ltd. (NRL). In July 1974 this Division was converted into a Private Limited Company and registered under...

Downward swing. (Pakistan stock market)
March 1, 1998... Stock market continued to slide downward. The general index compiled by the KSE lost 85.83 points on March 23, 1998 and stood at 1564.48 as compared to 1650.31 on Feb. 23, 1998. Aggregate market value of share prices was reduced by Rs.59.580...