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Pakistan Oil and Gas Market Update

Main Update Highlights from entire month of June, 2013

A leading Britain firm Orion Energy and Pakistan Petroleum Limited joined hands to work
together to develop offshore oil and gas potential of Pakistan.

Pakistan, India in gas talks ‐ India is willing to export 400 million cfd of gas to Pakistan but only if
a lower tariff rate can be agreed, according to Pakistan’s petroleum and natural resources minister,
Shahid Khaqan Abbasi. A delegation from state‐run GAIL, India’s largest gas transmission and marketing
company, had met Abbasi to assess Pakistan’s willingness to import gas from India.

Pakistan‐Iran Gas Pipeline Project would be completed by the stipulated time of December