Iran offers Pakistan 80,000 barrels of oil on deferred payment

[Eagle_Eye]

Iran has offered 80,000 barrels of oil to Pakistan on a three-month deferred payment plan, an official in Islamabad said on Wednesday, in an attempt to soften the impact of Western sanctions and ease some of Pakistan's energy needs. Tehran's offer comes a week after Pakistani officials revealed that Iran had asked to import a million tonnes of wheat in a barter deal, with the latest Western sanctions over Tehran's nuclear program disrupting critical food imports. "It is only an initial offer of 80,000 barrels on deferred payment at the moment," Irfan Qazi, a spokesman for Pakistan's Ministry of Petroleum and Natural Resources, told Reuters.

http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/business/29-Feb-2012/iran-offers-pakistan-80-000-barrels-of-oil-official


Interesting development! I wonder how the Saudi's will react to this.

As the sanctions begin to bite, Pakistan will be vital for Iranian interests. Will this lead to more closer relations between the two or a mere transactional relationship.

[Mian Hassan]

We need the Oil who cares about reaction..... our country as no elec no gas no work... who cares as long as this can help the country everything is ok

[shahrukh619]

We need the Oil who cares about reaction..... our country as no elec no gas no work... who cares as long as this can help the country everything is ok

Our country has gas, and we still have more gas then India, but the problem is that our people are wasting this natural resource that we have....

We should follow India's way in giving out gas... Limit it to cylinders, and only change a single cylinder after 15 days.....

I think the cost of a gas cylinder in India is cheaper then Pakistan.

[Mian Hassan]

^

I know we have all the Natural Resources but with these current crop of people nothing will happen

[freelance_cricketer]

Our country has gas, and we still have more gas then India, but the problem is that our people are wasting this natural resource that we have....

We should follow India's way in giving out gas... Limit it to cylinders, and only change a single cylinder after 15 days.....

I think the cost of a gas cylinder in India is cheaper then Pakistan.

420 Rs.
Kal hi book krwaya hai :23:

[qadoos]

America has Already reacted to this deal,threatening of consequences, if this goes ahead.
http://www.dawn.com/2012/03/01/tough-us-warning-on-iran-gas-pipeline.html

[Eagle_Eye]

^ That was expected really.... Lets see if Saudis get involved and offer something similar.

[ddss]

Well this sucks, we cant even make our own choices

[Gabbar Singh]

America has Already reacted to this deal,threatening of consequences, if this goes ahead.
http://www.dawn.com/2012/03/01/tough-us-warning-on-iran-gas-pipeline.html


She's acting like she's the viceroy of Pakistan.


Secretary Clinton replied: “First, we recognise that Pakistan has significant energy requirements, and for the last three years we’ve been working to help them upgrade their existing energy infrastructure, to look at potential new sources of energy.”

She said: “The proposed Pakistan-Iran pipeline, however, if built, could raise serious concerns under the Iran Sanctions Act. We have made that absolutely clear. We have raised this issue with the government of Pakistan.”

She said the US was encouraging Pakistan to seek alternatives because of the nuclear dispute with Iran.

“As we are ratcheting up pressure on Iran, it seems somewhat inexplicable that Pakistan would be trying to negotiate a pipeline,” the secretary said. “And there is an alternative that we do strongly support — the Turkmenistan-Afghanistan-Pakistan-India pipeline.”

The United States believed that it was a better alternative both in terms of predictability and to avoid doing business with Iran, she said.

“Now, if and when this pipeline goes beyond just talk, then we will address it consistent with US law and policies,” she warned.

“So if we see a pipeline proposal take an additional step that it would likely become a reality, do you have specific things in mind that will involve American response to that Pakistan pipeline deal?” the congressman asked.

“We believe that actually beginning the construction of such a pipeline either as an Iranian project or as a joint project would violate our Iran sanctions law. So, we all know what the consequences of that are, and it would be particularly damaging to Pakistan because their economy is already quite shaky,” Secretary Clinton warned. “This additional pressure that the United States would be compelled to apply would further undermine their economic status.”

The United States, she said, has been very clear in pointing out the consequences of pursuing such a pipeline.

[shahrukh619]

420 Rs.
Kal hi book krwaya hai :23:

399:azeem

[greekscavenger]

What the hell?! 80,000 barrels of crude oil??

Thats actually a cringeworthy, embarrasing and quite frankly insulting amount by Iran to try and gain allies.

keep in mind China currently consumes, 8400,000 barrels of oil per day. That figure will last Pakisan around a day...

[Mian Hassan]

Pakistan rejects US pressure on gas project


Oeff I like this Khar lady she is very ...in your face when she talks

[Mian Hassan]

ISLAMABAD: Pakistan has refused to budge on its decision, despite the United State’s pressure on the gas pipeline deal with Iran and has said that it will go ahead with the project.

Foreign Minister Hina Rabbani Khar said the project was in the interest of Pakistan.

Khar was addressing a media briefing a day after the US Secretary of State Hillary Clinton warned that the project was “inexplicable” and could invoke US sanctions that would further ‘undermine’ Pakistan’s ‘already shaky’ economy.

Khar said that Pakistan and the US understands the importance of relationships based on the mutual respect.

However, respecting one’s sovereignty was equally important, she added.

Khar reiterated the stance that Pakistan would not allow anyone to use its territory against others.

Talking about Afghanistan, Khar said that Pakistan stands with the neighbouring country in the peace process.

Pakistan favours the dialogue process between Afghan groups because the regional stability was directly associated with this process, she added.

Khar expressed hope of resolving all out-standing issues with India, saying the bi-lateral trade was in Pakistan’s interest.

Earlier this week, Islamabad has decided in principle to phase out the negative list between the two countries by December 31, 2012, which will complete the trade normalisation process.

Khar further said that normalising trade relations will help improve ties between the two neighbours.—DawnNews

[12cavalry]

More then the oil, the credit being offered to us is invaluable. Due to the circular debt our major power companies like HUBCO don't have enough cash to pay upfront.

[abdulhafeez306]

The Brits and Americans can do as they please but Irans been around longer than they have and it will continue to exist and even prosper.

Unfortunately Ahmedenijad is an idiot and Iran has a backward policy of involving Mullahs in its political decision making. Either way I find it hard to defend Brits or Americans after the way they have treated Iran over the years. The self-righteousness and holier than thou attitude of the people of the two nations will be the cause of their downfall.

[abdulhafeez306]

What the hell?! 80,000 barrels of crude oil??

Thats actually a cringeworthy, embarrasing and quite frankly insulting amount by Iran to try and gain allies.

keep in mind China currently consumes, 8400,000 barrels of oil per day. That figure will last Pakisan around a day...

I find that the mere mention of Iran is cringeworthy to Brits.

[cricketjoshila]

Well Pakistan may say they will be building the pipeline or buying the oil its easier said then done.After all Hu Haa arent drone attacks still happening arent NATO lines open again?

Too much dependence on USA for aid and weapons plus Saudis will be up in arms at the name of Iran.

[tanzeel]

What the hell?! 80,000 barrels of crude oil??

Thats actually a cringeworthy, embarrasing and quite frankly insulting amount by Iran to try and gain allies.

keep in mind China currently consumes, 8400,000 barrels of oil per day. That figure will last Pakisan around a day...

5 hours actually.

[Blade]

Why can't the US just butt out of our business? They dragged us into this war on 'terror', drone attack our country regularly and now basically telling us we can't make our own decisions. It's time Pakistan learnt to stand up for it self and pull the plug on recieving american aid.

[ddss]

What would happen? If we accept it. US is Pakistan's biggest trading partner after all.

[Smiling Creed]

5 hours actually.

what is important here, is not the quantity of oil being given to Pakistan, but the showdown between Pakistan and US.

Iran has been very shrewed, in giving Pakistan this offer. Now it is testing time for Pakistan....do they accept Iran's offer and risk of cutting all business with countries opposed to Iran or they play with global alliance and shut the door on Iran.

Quite interesting the choice which Pakistan makes..

[Black Zero]

This is crude oil i believe, so we have to use our refineries ....i do not their capacity...

bottom line: this wont work...as who cares about country...need cash $ :zardari

[KingKhanWC]

I would say it's a good offer for the Pakistani leadership who can now play with America to get more $'s into their swiss bank accounts.

The people of Pakistan will not really benefit from this as petrol prices have only just risen and this won't bring them down.

If Pakistan had a proper leadership then this would have been very interesting.

[Looney]

Level hai Pakistan ka . Iranians , Saudis , Americans , everyone wants us on their side . :zardari

[freelance_cricketer]

level hai pakistan ka . Iranians , saudis , americans , everyone wants us on their side . :zardari

''sahi baat hai yar.''

:P

[Looney]

''sahi baat hai yar.''

:))

US must put pressure on Saudi Arab now to give us oil cheaper than Iran . :asif

[LethalSami]

lol that skank Hilary tellinf us what to do, she couldn't control her husband's pant :akhtar

IP gas Pipeline MUST go ahead........win-win for both countries...

let haters hate.....even if u have to go to war, then so be it

u can't let em bully u

but then there's :zardari :facepalm:

[Namak_Halaal]

What the hell?! 80,000 barrels of crude oil??

Thats actually a cringeworthy, embarrasing and quite frankly insulting amount by Iran to try and gain allies.

keep in mind China currently consumes, 8400,000 barrels of oil per day. That figure will last Pakisan around a day...

I can’t believe you are seriously comparing China with Pakistan with respect to oil consumption. Why not compare Pak with USA? China has a population 6 fold of Pakistan from the onset.

Rome wasn’t built in a day, but I guess you read about Cameron and how he was ignored by the EU of late.

Who can UK turn to in terms of an alley? SQUAT! What can UK offer to allies? SQUAT! is UK an emerging economy or power? SQUAT!

[12cavalry]

This is crude oil i believe, so we have to use our refineries ....i do not their capacity...

bottom line: this wont work...as who cares about country...need cash $ :zardari

The capacity of our five main refineries is about 270 KBBL per day.

[DeadlyVenom]

Level hai Pakistan ka . Iranians , Saudis , Americans , everyone wants us on their side . :zardari

:))) so true

[greekscavenger]

I can’t believe you are seriously comparing China with Pakistan with respect to oil consumption. Why not compare Pak with USA? China has a population 6 fold of Pakistan from the onset.

Rome wasn’t built in a day, but I guess you read about Cameron and how he was ignored by the EU of late.

Who can UK turn to in terms of an alley? SQUAT! What can UK offer to allies? SQUAT! is UK an emerging economy or power? SQUAT!

Pakistan consumes 190,000 Barrels of crude oil a day. Is that alright then? Half a days supply of crude oil.

Who can UK turn to in need of an ally? France, Germany, USA. Two UN security member states.

What the UK can offer to allies? State of the art engineering regarded as some of the finest in the world, cutting edge military technology, naval technology more advanced than the US's, missile technology and the worlds second largest financial system.

Can I just ask what the UK has to do with this?

Or is this just a bitter rant?

[Namak_Halaal]

Who can UK turn to in need of an ally? France, Germany, USA. Two UN security member states.

Oh come on! That’s a myth. Cameron was left abandoned on a sinking ship as far the Euro was concerned. His pleas fell on deaf ears, and as for the USA, well, we cannot even launch our Trident nukes without authorisation from the USA. We are the 51st State of USA, or Lapdogs if you prefer.


What the UK can offer to allies? State of the art engineering regarded as some of the finest in the world, cutting edge military technology, naval technology more advanced than the US's, missile technology and the worlds second largest financial system.
Gone are the days when UK was a symbol of engineering and manufacturing. As for finance, second in the world? We have British companies shifting their HQs abroad!

The one aspect gunning for the UK is GMT.


Can I just ask what the UK has to do with this?
Or is this just a bitter rant?

I was going to ask you the same thing, what has China got to do with it? If you can compare China with Pakistan I see no reason why I cannot compare Britain’s political prowess with the East. Or perhaps I should’ve compared UK with Argentina, who are confrontational these days by blocking UK imports?

Balance of power is shifting which is why the OP is a vital piece of the impending Geopolitical landscape.

[greekscavenger]

Oh come on! That’s a myth. Cameron was left abandoned on a sinking ship as far the Euro was concerned. His pleas fell on deaf ears, and as for the USA, well, we cannot even launch our Trident nukes without authorisation from the USA. We are the 51st State of USA, or Lapdogs if you prefer.

Myth? I can guarantee you now that if there were to be a large scale war tomorrow between UK and another prominent nation, France and US would both join the war in the side of Britain.

Gone are the days when UK was a symbol of engineering and manufacturing. As for finance, second in the world? We have British companies shifting their HQs abroad!

The one aspect gunning for the UK is GMT.

Yeah, mainly for tax evasion. Ironically Switzerland has more bank HQ's per square meter than UK and USA. Doesn't make it the financial centre of the world. It means it has very good tax rates going.

UK still have the worlds largest weapons contractor, they still have Rolls Royce, they still have Bentley and if you want to go research, 99% of all aviation in the world have their engines produced by Rolls Royce.

http://www.doughroller.net/banking/largest-banks-in-the-world/

3 of the top 5 largest banks are British. Surprise, surprise.

I mentioned China's oil consumption figures to show how measly the oil Iran is offering Pakistan is. It's nothing, pakistan will consume it in less than half a day.

Its a pathetic offer for alliance.

[Namak_Halaal]

Myth? I can guarantee you now that if there were to be a large scale war tomorrow between UK and another prominent nation, France and US would both join the war in the side of Britain.

You seem to forget something; Today’s wars are not fought with conventional weapons, but with currencies.


Yeah, mainly for tax evasion. Ironically Switzerland has more bank HQ's per square meter than UK and USA. Doesn't make it the financial centre of the world. It means it has very good tax rates going.

Tax evasion? And who sets the laws on Tax? Not the UK, but the EU. So much for British sovereignty.


UK still have the worlds largest weapons contractor, they still have Rolls Royce, they still have Bentley and if you want to go research, 99% of all aviation in the world have their engines produced by Rolls Royce.

You make it sound as if 1 in 2 drives a Bentley or a Roller. Secondly, 99% of the aviation industry have RR engines? That’s an overstatement isn’t it? Pratt & Whitney would disagree.



http://www.doughroller.net/banking/largest-banks-in-the-world/

3 of the top 5 largest banks are British. Surprise, surprise.

RBS – Bailed out by the UK tax payer.
Barclays – bailed out by the Arabs.
HSBC – Solely survives on the East.

The surprising element is not one of the UK banks mentioned relies on the UK for the bulk of its profits.



I mentioned China's oil consumption figures to show how measly the oil Iran is offering Pakistan is. It's nothing, pakistan will consume it in less than half a day.

Its a pathetic offer for alliance.

Greek, Pakistan was in alliance with Iran when it sold its nuclear technology and knowledge to Iran under the name of Islam.

Don’t be fooled by the 80000 barrel figure – it’s a smokescreen.

Have a read of this

Iran 'to accept payment in gold for oil' - http://www.bbc.co.uk/news/business-17203132

[tanzeel]

Pakistan consumes 190,000 Barrels of crude oil a day. Is that alright then? Half a days supply of crude oil.

Who can UK turn to in need of an ally? France, Germany, USA. Two UN security member states.

What the UK can offer to allies? State of the art engineering regarded as some of the finest in the world, cutting edge military technology, naval technology more advanced than the US's, missile technology and the worlds second largest financial system.

Can I just ask what the UK has to do with this?

Or is this just a bitter rant?
Pakistan consumed 375000 BBL/day in 2009. The consumption most certainly hasn't fallen by 50% in three years. If anything, it should have increased by now.

[youboy]

So the government finally marching towards the plans of their bosses the attack on Pakistan and Iran. America & Israel need some strong point to launch attack on Pakistan as Iran is already against them.

Political tensions

Pakistan hostility towards Israel

During Israel's War of Independence (1947–1949), Israel's diplomatic mission in Washington received information that Pakistan was trying to provide military assistance to the Arabs, including rumors that a Pakistani battalion would be sent to Palestine to fight alongside them. Pakistan bought 250,000 rifles in Czechoslovakia that apparently were meant for the Arabs. Also, it became known that Pakistan bought three planes in Italy for the Egyptians. The Pakistan Air-Force in the 1967 and 1973 Arab-Israeli wars, Pakistani pilots flying Jordanian and Syrian planes downed some Israeli planes,whereas in the 1982 battle for Beirut between Israel and the PLO, fifty Pakistani volunteers serving in the PLO were taken prisoner by Israel. After the 1973 war, Pakistan and the PLO signed an agreement for training PLO officers in Pakistani military institutions.[

According to Time, French intellectual Bernard-Henri Levy, has even claimed that Daniel Pearl, an American-Israeli, was assassinated by elements with backing from Pakistans Inter-Services Intelligence, (though there has been no verifiable evidence presented) over his alleged role in gathering information linking ISI and Al-Qaeda. According to other reports from BBC and Time, Pakistani militants beheaded him because of their belief that Daniel Pearl was an Israeli Mossad spy agent under the cover of being an American journalist.

In addition to these, Pakistan religious political parties and militant groups such as Jamaat-e-Islami, Jamiat Ulema-e-Islam and Lashkar-e-Taiba fiercely oppose any relationship with Israel, and have repeatedly called Israel as the enemy of Islam and Pakistan.

Pakistan forbids its citizens from going to Israel, and all Pakistani passports bear the inscription "This passport is valid for all countries of the World except Israel".

Israeli hostility towards Pakistan

During the Cold War, India maintained no diplomatic relations with Israel. India allied itself with the Arab states and the Soviet Union. India also voted in favor of a UN resolution in 1975 calling Zionism a racist policy. They only established small discreet contacts with Israel, like during the Indo-Pakistani War of 1965 and 1971, India demanded Israel supply arms and ammunition.Pakistani requests for fresh weapons systems from the US are also fiercely resisted by Israeli, as well as Indian lobbyists. A former pro-Israeli Jewish Indian army officer, Lieutenant General J. F. R. Jacob is also celebrated in Israel for his role in the 1971 war against Pakistan.

In the 1980s, Israel planned a possible attack on Pakistan's bomb capacity. However, due to Pakistan's Inter-Services Intelligence, it became aware of a possible attack prior to any attack occurring. India was uncomfortable with the possibility of a nuclear fallout and corrupting relations with other Muslim states. Israeli aircraft were surprised by the presence of an alerted Pakistan Air Force fighter jets and therefore pulled back.

source http://en.wikipedia.org/wiki/Israel%E2%80%93Pakistan_relations

David Ben Gurion's remarks against Pakistan and a message to all Pakistanis

http://www.youtube.com/watch?v=qww-RlSkc_w

[ali85]

80,000 barrels are smaller then peanuts - if it is 80,000 barrels/day than that would be something notable.

[humzy]

guys just to clarify.. it actually is 80,000 barrels PER DAY!

[velu]

If it is a voluntary offer from Iran , then i think sanctions are working.

[PakPrince]

take it!