Wellhead gas prices likely to go up
1/3/2012 5:14:54 PM
KARACHI: The higher Arab Light Crude oil prices and high Sulphur Furnace Oil (HSFO) prices could prop up the wellhead gas prices for the second half of the financial year 2HFY12.
The Pakistan rupee has also depreciated by 3 percent against US dollar, which will further improve the gas pricing for the E&P sector in Rupee terms.
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