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06/27/2004:
"Pipelines or pipe dreams?"
Kazakhstan, Azerbaijan and Turkmenistan have lot of oil and a whole lot of gas. All that oil and all that gas are going to pass through Pakistan. We are the only bridge between Central Asian oil and the rest of the world. But, are we? Are we going to make hundreds of millions of dollars in transit fees every year?First things first. The two principal engines of growth in Asia are China and India. India is now the 3rd largest economy (purchasing power parity basis) on the face of the planet. As India grows so would its need for oil and gas (India doesn't have much of its own).
In order for pipelines to be economically viable the reservoirs have to be large enough so as to be able to fulfil the needs of the user for a good 30 to 40 years. The three primary reservoirs of oil and gas in the region are: Apsheron Trend Oil Field, Dauletabad Gas Field and South Pars Gas Field.
Full Article : jang.com.pk