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Page added on September 24, 2005

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Pakistan makes plans to cut oil consumption

Pakistan is close to launching an ambitious plan to reduce its oil consumption amid warnings that economic growth may slow this year because of high energy prices, according to a top finance ministry official.

…According to officials at the ministry of petroleum in Islamabad, one element of the plan is to expedite imports of liquefied natural gas from Qatar. Another is to ensure a planned new gas pipeline from Iran to Pakistan and onwards to India goes ahead, with a formal agreement signed by end of this year.

Financial Times



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