Asif replied on Saturday, October 2, 2010 06:02 AM
CNG business is good for the time being, however, you will see people throwing their CNG kits out of their vehicles as serious Gas crisis will emerge in the country due to shortage, hence Gas prices will increase substantially and it will be better to run our vehicles on Petrol. Gas shortage crisis has already started and it will increase every year. I belong to oil & gas sector so aware of this fact. Donot invest in this business, it would be better to simply open a petrol pump.
Sui Gas Field has already started declining in terms of production. 2nd bigest Field was Qadirpur Gas Field, which has now become the main contributr to the national netwrok, however, developement projects are on halt by this Govt for this Field due to malpractices by OGDCL and Ministry of Petroleum. Every body is aware of the recent Adnan Khawaja episode. OGDCL is the biggest profitable company in Pakistan which is feeding the poor people of this country (indireclty), but if Adan Khawaja episodes continues then sooner we will see biggest white elephant of the history of Pakistan.
This Govt especially Petroleum and Water & Power Ministry are the most corrupt and playing with the future of the country. Shortage of Gas will effect many industries power generation ,textile, sugar, domestic and many others, so be prepared for a series of crisis. This Govt has also stopped the project of Iran-Pakistan Gas Pipeline under US Govt pressure which is expected to provide only 1/5th of the Gas currently available in Pakistan. e need lot of Gas as our differnt industries and systems are based on Gas. LPG and LNG lobbies are active to stop all Gas projects. These LPG/LNG lobbies are said to be very close to Mr. Zardari and PM. A lot can be written here, but who will care. We have to pray to Allah for our bright future.
Today we donot have power, tomorrow will will loose Gas also.. We are loosing grip on Petrol supply also becasue of massive Circular Debt which has penetrated into our Corporates sector like cancer. Who is responsible for this ? When ever Circular Debt increases Loadshedding starts .. Nothing is in control ofthis Govt..
We keep voting these Govts in elections with expectations and hopes... now we donot even have right to make HOPES..
(if you are sitting in Saudi Arabia... keep sitting there...) |
