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Tag: TAPI

TAPI Gas and Trade Top Agenda in Pakistan-Russia Kremlin Talks

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ISLAMABAD: Federal Minister for Board of Investment, Privatisation, and Communications Abdul Aleem Khan held high-level discussions with Russia’s Deputy Prime Minister Alexey Overchuk and other Russian ministers at the Kremlin. Key topics included the TAPI gas pipeline, bilateral trade, international road transport agreements, and proposed infrastructure projects like a rail link between the two nations. Overchuk praised Pakistan’s interest in…

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Pakistan and Turkmenistan to Fund TAPI Pipeline Amid Sanction Hurdles

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TAPI-gas

ISLAMABAD: Pakistan and Turkmenistan have committed to providing the necessary funding for the multibillion-dollar TAPI (Turkmenistan-Afghanistan-Pakistan-India) pipeline project due to a lack of international financial support stemming from the global community’s refusal to recognize the government in Afghanistan, revealed Petroleum Minister Dr. Musadik Malik on Wednesday. Speaking at Pakistan’s Energy Symposium, Malik highlighted Pakistan’s ongoing efforts to advance the TAPI…

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Govt decides to execute mega gas projects

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TAPI-gas

These include IP and TAPI pipelines to meet future consumer demand ISLAMABAD: The top leadership has decided to press ahead with all mega gas projects including the Iran-Pakistan (IP) pipeline to meet the growing consumer demand in future. Sources told The Express Tribune that the Petroleum Division had conducted a study on the requirement and future demand for gas projects.…

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Under IMF radar: FBR declines $50m tax exemption for TAPI gas project

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TAPI-gas

ISLAMABAD: The tax collecting agency of the country is evasive from including the Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline project in the Foreign Investment Promotion and Protection (FIPPA) Act 2022 as it would cost the tax exemption of $40-50 million which is not possible since the country is very much in the discipline of IMF, senior officials of the Energy Ministry told…

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FIPPA law to shield Turkmenistan investment in $10 billion TAPI project

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TAPI-gas

ISLAMABAD: The government has decided to extend the Foreign Investment Promotion and Protection Act (FIPPA), a special legislative cover, to the investment of Turkmenistan in the TAPI gas pipeline project, a senior energy ministry official said on Tuesday. The move is aimed at increasing the bankability of the project in the eyes of the international lenders, which is estimated to…

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TAPI project gets special concessions

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TAPI-gas

ISLAMABAD: The caretaker government is said to have exempted Turkmenistan Afghanistan-Pakistan-India (TAPI) Gas Pipeline project from the Open Access Regime, OGRA Gas (Third Party Access) Rules 2018 and the Pakistan Gas Network Code, besides standard waiver of immunity in line with international precedents to be included in the Host Government Agreement (HGA), sources close to Secretary Petroleum told Business Recorder. These…

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$10bn TAPI project: Law ministry’s opinion sought afterTurkmenistan’s demand

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ISLAMABAD: The fate of Turkmenistan’s demand seeking legislative cover of Foreign Investment Promotion and Protection Act (FIPPA), 2022 for its investment to be made in Pakistan’s territory, under the trans-nation $10 billion TAPI gas pipeline project, depends upon the legal opinion from the Law Division. The gas pipeline from Turkmenistan has to pass through Afghanistan, Pakistan and India. Turkmenistan will…

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Saudi Aramco, PSO, TAPI gas pipeline: Oil, gas issues now come under sharper SIFC focus

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PSO-TAPI

ISLAMABAD: The Apex Committee (AC) of Special Investment Facilitation Council (SIFC) has directed Ministry of Foreign Affairs (MoFA) and Petroleum Division to expedite resolution of issues of Saudi Aramco and Pakistan State Oil (PSO) and TAPI gas pipeline, well informed sources told Business Recorder. Minister for Energy Muhammad Ali has already dashed to China direct from Russia, as advance team of…

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Minister for Energy vows to aggressively pursue the TAPI project

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TAPI-gas

Ambassador of Turkmenistan H.E. Atadjan Movlamov called on Interim Federal Minister for Energy Muhammad Ali here today.Ambassador extended his congratulations to Minister on assuming his new portfolio and exchanged pleasantries.Minister for Energy expressed his gratitude and passed on the regards from Caretaker Prime Minister of Pakistan Anwaar-ul-Haq Kakar. “PM is pleased that the TAPI project is dealt on priority basis.”Both…

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