Seems like Gwadar can become a major oil hub in the future as well as a naval base for the PLAN.
Pakistan to help China lay pipeline for Saudi oil
AFTAB MAKEN
ISLAMABAD (March 16 2006): Pakistan will help China in the construction of the strategic pipeline from Gwadar to its borders enabling it to import oil from Saudi Arabia.
Talking to Business Recorder on Wednesday, State Minister for Petroleum and Natural Resources, Naseer Khan Mengal, said that Pakistan would assist China either in extending the country's white oil pipeline, or constructing a new one to meet its energy requirement by importing oil from Saudi Arabia.
Commenting on President General Pervez Musharraf's offer of 'trade corridor' in his recent trip to China, the minister said that actually King Abdullah of Saudi Arabia wanted to increase oil exports to China. He (Abdullah), later shared the matter with Musharraf to help Saudi Arabia in extending oil exports to China, Mengal said.
The minister said that oil import from Saudi Arabia, or any of Gulf countries, was not only viable but also the shortest possible option to import oil through Pakistan.
He said that China had expressed willingness to construct oil refinery in Gwadar. Pakistan has a liberal policy of investment in petroleum sector and, to construct oil refinery, only NOC from the ministry was required.
About IPI pipeline without India, Mengal said, "We are a sovereign state, and the Secretary-level talks mean that Pakistan is serious to execute the project solely."
Elaborating on Qatar pipeline and import of LNG, he said, "We are pursuing all projects, as our economic growth demands more energy."
About transfer of the function of price fixing of petroleum products from OCAC to Ogra, the minister said that the decision was taken on public demand. "Time will tell whether it benefits the consumers or not."
In reply to a question about adulteration in petroleum products, he said that the ministry had nothing to do with, it as the provincial and district governments had the power to check this malpractice.
Copyright Business Recorder, 2006
Pakistan to help China lay pipeline for Saudi oil
AFTAB MAKEN
ISLAMABAD (March 16 2006): Pakistan will help China in the construction of the strategic pipeline from Gwadar to its borders enabling it to import oil from Saudi Arabia.
Talking to Business Recorder on Wednesday, State Minister for Petroleum and Natural Resources, Naseer Khan Mengal, said that Pakistan would assist China either in extending the country's white oil pipeline, or constructing a new one to meet its energy requirement by importing oil from Saudi Arabia.
Commenting on President General Pervez Musharraf's offer of 'trade corridor' in his recent trip to China, the minister said that actually King Abdullah of Saudi Arabia wanted to increase oil exports to China. He (Abdullah), later shared the matter with Musharraf to help Saudi Arabia in extending oil exports to China, Mengal said.
The minister said that oil import from Saudi Arabia, or any of Gulf countries, was not only viable but also the shortest possible option to import oil through Pakistan.
He said that China had expressed willingness to construct oil refinery in Gwadar. Pakistan has a liberal policy of investment in petroleum sector and, to construct oil refinery, only NOC from the ministry was required.
About IPI pipeline without India, Mengal said, "We are a sovereign state, and the Secretary-level talks mean that Pakistan is serious to execute the project solely."
Elaborating on Qatar pipeline and import of LNG, he said, "We are pursuing all projects, as our economic growth demands more energy."
About transfer of the function of price fixing of petroleum products from OCAC to Ogra, the minister said that the decision was taken on public demand. "Time will tell whether it benefits the consumers or not."
In reply to a question about adulteration in petroleum products, he said that the ministry had nothing to do with, it as the provincial and district governments had the power to check this malpractice.
Copyright Business Recorder, 2006
