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Analysis of Financial Statements of MARI Petroleum Company Ltd

Khan Marwat, Imran

Analysis of Financial Statements of MARI Petroleum Company Ltd

Mari Gas Field was originally owned by Pakistan Stanvac Petroleum Project, a joint venture formed in 1954 between Government of Pakistan and M/s Esso Eastern Incorporated, having 49% and 51% ownership interest, respectively. The first gas discovery was made by the Joint Venture in 1957 when the first well in lower Kirthar 'Zone-B' Limestone Formation was drilled. Production from the field started in 1967. Pakistan meets about 18% of its oil demand from local sources. Local gas production is 4 billion cubic feet per day (bcfd) and the oil production is 37, 000 barrels against the demand of 9-10 bcfd of gas and 77, 000 bpd of oil. Without a doubt, there is an excess demand situation, which will remain so in the future. Additionally government is also considering different options of import of gas from Turkmenistan & Qatar and import of LNG to cope with the increase in demand. Most of the relevant information about the economic environment is considered with in the framework of a country risk review to help identify business opportunities and strategies.

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ISBN 9783659915178
Sprache eng
Cover Kartonierter Einband (Kt)
Verlag LAP Lambert Academic Publishing
Jahr 20160914

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