By Patrick L Young
The thing about globalization is that it involves the whole world. Hence Russia exercises its option to pivot East when faced with an obdurate West.
Bubbles share a core attitude of mind: complete incapacity to recognize that the real world may not correspond to your immediate surroundings. Thus investors become absorbed by manias from tulip bulbs to the South Sea, the internet et al, and fail to realize that ‘asset’ values have fundamentally decoupled from reality.
Read more » http://rt.com/op-edge/160212-russia-china-gas-deal-east/
ISLAMABAD: The Mari Petroleum Company, a joint venture of the government and the Fauji Foundation, announced on Monday a ‘significant’ gas and condensate discovery with estimated reserves of about 20 billion cubic feet (BCF) in Sujawal district of Sindh.
“We have been blessed with a significant gas and condensate discovery in Sujawal Block’s Sujjal-1 well,” said the announcement.
The company termed the discovery significant because it was the first hydrocarbon discovery in Lower Goru Upper C-Sand in the southernmost part of the country.
It said the discovery would result in expansion of the hydrocarbon potentials for other exploration and production companies operating in the area, thus opening up the country’s prospects of tapping into new reservoirs in the region.
Read more » DAWN
A historic, long-term deal for the delivery of Russian gas to China that has been 10 years in the making is 98 percent ready, Russia’s Deputy Energy Minister Anatoly Yanovsky has said. All that’s needed are the two countries’ signatures, he added.
Read more » RT
Forwarded by Khalid Hashmani (McLean, Virginia, USA)
Courtesy and Thanks:Daily Dawn,
Rights of provinces
RESENTMENT grows when citizens of the state are denied the opportunity to benefit from the exploitation of local resources. Withholding this share in the collective pie does not serve the cause of harmony between the federating units as well as the centre and the provinces. Much to our detriment, we have seen how denying the people of Balochistan rightful control over their mineral and gas wealth has, over the decades, led to disaffection with the state and even full-blown insurgencies.
Continue reading DAWN Editorial on Provincial Resentment- Sharing of Indus Water, Natural Resources, and Employment