Pakistan is ready to implement the TAPI gas pipeline, - media
22:11 10.02.2023 6663
Pakistan has shown readiness to proceed with the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project with or without India, as Afghanistan is ready to assemble special forces for this project. This was stated by Minister of State for Petroleum and Natural Resources Musadik Malik during his recent visit to Saudi Arabia, writes Business Recorder, a daily financial newspaper in Pakistan.
Sources of the publication said that the minister informed the Saudi side about the current situation on the TAPI gas pipeline project. Malik noted that Turkmenistan is interested in moving the project forward and stated that Pakistan wants to implement the project as soon as possible and complete it with or without India's participation. Malik reportedly said that if India decides to withdraw from the project, Pakistan is ready to buy its share of the gas.
On the issue of Afghanistan, the Minister of State for Oil and Natural Resources acknowledged that the country's security and political situation remain a stumbling block. However, if favorable factors are created, the security problem can be solved. According to him, transit revenues from the pipeline will amount to 80-85% of Afghanistan's annual budget, which makes ensuring its security mandatory.
Sources said the Saudi side has indicated that it will closely monitor developments regarding TAPI. They also suggested that if all security issues are resolved and economic aspects are worked out, investment organizations such as PIF (Public Investment Fund – Saudi Arabia State Investment Fund) SDF and Exim Bank can be involved in the project.
During the meeting with the Ministers of Finance, Energy, Minerals and Industry of Saudi Arabia, Pakistan's Minister of State for Petroleum and Natural Resources also proposed a new project where natural gas from Turkmenistan could be brought to Gwadar via the Chaman gas pipeline and converted into LNG for export.
In his opinion, if Saudi Arabia joins this project, this may open up new opportunities, and Pakistan, Turkmenistan and Saudi Arabia may become joint LNG exporters.
Presidents of Turkmenistan and Iran discussed by phone the development of cooperation in the fuel and energy complex, transport and other areas
During a telephone conversation, President of Turkmenistan Gurbanguly Berdimuhamedov and President of Iran Seyed Ebrahim Raisi discussed issues of developing cooperation in the fuel and energy complex, transport, agro-industrial complex and other spheres, the State News Agency of Turkmenistan reports.
New technologies make work at gas stations more comfortable
Employees of the Gubadag Oil Enterprise of the Main Directorate of «Turkmennebitonumleri» for 11 months of this year have demonstrated effective results of their activities. After major reconstruction, a filling station No. 170 was put into operation, located in the eastern part of the Gubadag-Dashoguz highway.
Fuel and energy complex enterprises took part in the second virtual exhibition, which opened in honor of the Day of Neutrality of Turkmenistan
On the eve of the Day of Neutrality of Turkmenistan, the second virtual exhibition of the economic achievements of our country was opened on Thursday. The exhibition is organized by the Chamber of Commerce and Industry in partnership with ministries and departments, private enterprises of Turkmenistan.
President of Turkmenistan congratulated workers of the oil and gas industry and geology on their professional holiday
Today, December 14, Turkmenistan celebrates the Day of Oil and Gas Industry and Geology Workers. On this occasion, President of Turkmenistan Gurbanguly Berdimuhamedov sent a congratulatory message to the workers of the oil and gas industry of our country.
Oil is confidently rising in price, the price of Brent rose to $76.42 per barrel
Oil prices are rising on Thursday on new signals that the spread of the omicron COVID-19 strain will not have such serious consequences for the global economy as initially expected, Interfax reported.