China tells world to respect Pakistan’s sovereignty

China on Thursday asked the international community to respect Pakistan’s sovereignty and territorial integrity nearly three weeks after an American drone strike killed Afghan Taliban chief in Balochistan.

“The international community should fully recognize that and respect Pakistan’s sovereignty and territorial integrity,” Hong Lei, China’s foreign ministry spokesperson, said on Thursday.

June 10, 2016 Posted Under: News update   Read More

OMV pledges $45m investment in Pakistan this year

ISLAMABAD: While pledging to step up oil and gas exploration in Pakistan, Austria-based OMV has announced that it will pump $45 million into tapping hydrocarbon reserves this year to meet energy needs of the country.

“OMV has invested $2.5 billion in oil and gas exploration since commencing operations in 1991 in Pakistan and the company is investing $45 million this year,” OMV Aktiengesellschaft Executive Board Chairman and CEO Dr Rainer Seele said while addressing a ceremony held on Thursday to celebrate 25 years in Pakistan. Petroleum and Natural Resources Minister Shahid Khaqan Abbasi also spoke at the event.

OMV pledges $45m investment in PakistanRecalling the company’s journey, the CEO said OMV started working in Pakistan 25 years ago and within two years it made the first discovery at Miano field in the Thar desert of Sindh. In 1998, it discovered gas at Sawan field, which is also located in Sindh.

From 1991 to date, the company has expanded operations from Sindh to Balochistan and Punjab.

At present, OMV is producing 8% of Pakistan’s total natural gas output and is increasing investment.

OMV (Pakistan) has established itself as the largest international gas producer in Pakistan with a volume of more than 110,000 barrels of oil equivalent per day from Kadanwari-Miano and Sawan fields.

OMV CEO said parallel to the Sawan development work, the company also took over the Kadanwari gas processing plant in January 2003 from Lasmo, currently Eni.

OMV has remained quite aggressive in development work as capacity of the Kadanwari processing plant has been enhanced to 232 million cubic feet per day (mmcfd) while capacity of the Sawan plant has gone up to 400mmcfd.

“To further meet raw gas requirements, drilling has continued successfully in both fields,” he said.

Petroleum Minister Shahid Khaqan Abbasi, while pointing to a huge gap between the demand and supply of gas, said they were striving to bridge the shortfall through import of liquefied natural gas and exploration of domestic oil and gas deposits.

He saw a big potential for tight, shale and conventional gas production in Pakistan and highlighted that the government was offering the most attractive wellhead oil and gas prices and asked international and local companies to take advantage of the situation.

Ref: Published in The Express Tribune, May 28th, 2016.

May 28, 2016 Posted Under: News update   Read More

CHINA: The US is pushing ‘maritime hegemony’ by sailing in the South China Sea

BEIJING (Reuters) – China accused the United States on Monday of seeking maritime hegemony in the name of freedom of navigation after a U.S. Navy destroyer sailed within 12 nautical miles of a disputed island in the South China Sea.

china sea

China claims most of the South China Sea, through which more than $5 trillion of world trade is shipped every year. Vietnam, Malaysia, Brunei, the Philippines and Taiwan have rival claims.

The guided-missile destroyer USS Curtis Wilbur passed near Triton Island in the Paracel Islands, in what the Pentagon said was a challenge to attempts by China, Taiwan and Vietnam to restrict navigation rights and freedoms.

The Chinese government, which moved swiftly to condemn to sailing on Saturday, said the United States was acting dangerously and irresponsibly.

“The so-called freedom of navigation plans and acts that the United States has upheld for many years in reality do not accord with generally recognized international law,” Chinese Foreign Ministry spokesman Lu Kang told a daily news briefing.

It also “ignores numerous littoral states’ sovereignty and security and maritime rights, seriously harming relevant regional peace and stability”, he added.

“Its essence is to push the United States’ maritime hegemony in the name of freedom of navigation, which has always been resolutely opposed by most of the international community, especially certain developing nations. What the United States has done is dangerous and irresponsible.”

One of the main causes of the militarization of the South China Sea is the United States’ playing the freedom of navigation card and “creating tensions”, Lu said.

The U.S. Navy conducted a similar exercise in October in which the guided-missile destroyer Lassen sailed close to one of China’s man-made islands, also drawing a rebuke from Beijing.

In an editorial on Monday, the influential state-run Chinese tabloid the Global Times said the latest move by the United States showed how Washington was “circling to contain” China and that China’s military had few ways of stopping such patrols.

China thus needs to spend more on its armed forces, the paper added.

“There is a long way to go before China can have an equal footing with the U.S. Such equality can only be achieved with the build-up of strategic strength,” it said.

(Reporting by Ben Blanchard; Editing by Michael Perry)

February 1, 2016 Posted Under: News update   Read More

India win off last ball against Australia

India won T20 against Australia

SYDNEY – In a stunning run chase India won their third and final Twenty20 match against Australia off the last ball on Sunday to take the series 3-0.

Australia made a formidable 197 for five but India replied with 200 for three against an inexperienced attack. They needed 17 to win off the last over and Suresh Raina hit a boundary off the final ball for victory.

Stand-in Australian skipper Shane Watson, who had scored an unbeaten century and also claimed the vital wicket of Shikhar Dhawan, appeared to have won his side the match when he conceded just five runs from the 19th over.

But rookie bowler Andrew Tye (0-51) could not handle the pressure in the 20th. The first two balls went for a four and six from Yuvraj Singh (15 not out), paving the way for Raina’s last-ball heroics.

Raina should have been stumped by debut-ant Cameron Bancroft off the first ball he faced from young spinner Cameron Boyce (2-28), and made the most of his good fortune to score 49 off 25 balls.

Rohit Sharma and Virat Kohli again led the Indian batting, both posting half-centuries. For much of the chase India looked to have the target under control after taking full advantage of some wayward bowling by pace-man Shaun Tait (0-46). But Sharma (52) and Kohli (50) both fell to Boyce as the match tightened up. Kohli, named man of the series, was thrilled to have completed a clean sweep of the T20s after India lost the one-day international series. “We wanted to finish off well and get a clean sweep and we’ve done it,” he said.
The much-maligned Watson led from the front for Australia in a masterful solo performance. He probably played himself into Australia’s squad for the upcoming Twenty (20) World Cup with his unbeaten 124 from 71 balls, the second-highest score in the format at international level.
The 34-year-old was promoted to the captaincy due to the injury-enforced absence of Aaron Finch and opened the batting. Dropped on 56 by Kohli, he hit six sixes and posted the biggest T20 international score by an Australian.

Scoreboard

AUSTRALIA:
U Khawaja c Dhoni b Nehra 14
S Watson not out 124
S Marsh b Ashwin 9
G Maxwell c Raina b Singh 3
T Head b Jadeja 26
C Lynn c Jadeja b Bumrah 13
C Bancroft not out 0
EXTRAS: (lb2, w4, nb2) 8
TOTAL: (5 wickets: 20 overs) 197
FOW: 1-16, 2-69, 3-75, 4-168, 5-193
BOWLING: Nehra 4-0-32-1, Bumrah 4-0-43-1 (2nb), Ashwin 4-0-36-1 (1w), Jadeja 4-0-41-1, Singh 2-0-19-1, Pandya 2-0-24-0 (3w)
INDIA:
R Sharma c Watson b Boyce 52
S Dhawan c Bancroft b Watson 26
V Kohli b Boyce 50
S Raina not out 49
Y Singh not out 15
EXTRAS: (b1, w7) 8
TOTAL: (3 wkts: 20 overs) 200
FOW: 1-46, 2-124, 3-147
BOWLING: Tait 4-0-46-0 (4w), Boland 3-0-34-0 (2w), Watson 4-0-30-1 (1w), Tye 4-0-51-0, Boyce 4-0-28-2, Maxwell 1-0-10-0
TOSS: Australia
MAN OF THE MATCH: S. Watson (Aus)
UMPIRES: Simon Fry (AUS), John Ward (AUS)

February 1, 2016 Posted Under: Entertainment   Read More