{"id":98988,"date":"2024-09-05T11:08:54","date_gmt":"2024-09-05T06:08:54","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=98988"},"modified":"2024-09-05T11:08:56","modified_gmt":"2024-09-05T06:08:56","slug":"reko-diq-saudi-arabia-talks-final-phase","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html","title":{"rendered":"Reko Diq Copper-Gold Project: Saudi Fund negotiations reach final stage"},"content":{"rendered":"\n<p>Islamabad: National Petroleum Minister Musadik Malik announced on Wednesday that Pakistan\u2019s discussions with the Saudi Development Fund regarding the Reko Diq copper-gold project in Balochistan are nearing conclusion.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/ksa-eyes-stakes-reko-diq-gold-copper-mine.html\" target=\"_blank\" rel=\"noreferrer noopener\">KSA eyes stakes in Reko Diq gold, copper mine; valuation underway<\/a><\/p>\n\n\n\n<p>According to the details, the minister highlighted ongoing discussions with the Saudi government on various projects, including <a href=\"https:\/\/www.zameen.com\/news\/reko-diq-finds-investment-usd-7-bn.html\" target=\"_blank\" rel=\"noreferrer noopener\">Reko Diq<\/a> and water initiatives. Addressing the Iran-Pakistan Gas Pipeline, Malik clarified that there is no basis for the claim that Pakistan received a PKR 18 billion notice from Iran due to delays in the project. He further stated that there is no penalty estimate for either side concerning the pipeline.<\/p>\n\n\n\n<p>In light of this news, other key features gaining attention include the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Multiple teams are working on electricity pricing, generation companies (GENCOS), circular debt, and capacity payments.<\/li>\n\n\n\n<li>Commercial report for a green refinery expected by December 2024, with 40-50% focus on petrochemical production and the rest on crude petroleum, potentially reducing premium costs.<\/li>\n\n\n\n<li>Winter gas supply deficit to be managed using system gas.<\/li>\n\n\n\n<li>Imported RLNG has reached 1,000 (million cubic feet per day) MMcfd, with an additional 1,350 MMcfd from local pipelines and 1,200 MMcfd from dedicated local gas sources.<\/li>\n\n\n\n<li>Efforts to boost investment in oil and gas exploration and ensure timely payments to E&amp;P companies, with SNGPL clearing 95% of its dues.<\/li>\n\n\n\n<li>Collaboration with the Maritime Affairs Division to reduce taxes and port charges on imported RLNG, currently around USD 4 per cargo.<\/li>\n\n\n\n<li>Seasonal tariffs may be introduced to address winter gas shortages and capacity payments in the power sector.<\/li>\n\n\n\n<li>Focus on price rationalisation and Weighted Average Cost of Gas (WACOG) to manage gas prices, blending local and imported gas to bring the price to approximately PKR 1,700-1,800 per (metric million British thermal units) MMBtu.<\/li>\n\n\n\n<li>Subsidies for lower-income segments through gas price blending, with wellhead price at PKR 570 per MMBtu, pipeline gas at PKR 1,280 per MMBtu, and RLNG at PKR 3,600 per MMBtu.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: National Petroleum Minister Musadik Malik announced on Wednesday that Pakistan\u2019s discussions with the Saudi Development Fund regarding the Reko Diq copper-gold project in Balochistan are nearing conclusion. Read: KSA eyes stakes in Reko Diq gold, copper mine; valuation underway According to the details, the minister highlighted ongoing discussions with the Saudi government on various projects, including Reko Diq and water initiatives. Addressing the Iran-Pakistan Gas Pipeline, Malik clarified that there is no basis for the claim that Pakistan received a PKR 18 billion notice from Iran due to delays in the project. He further stated that there is no penalty estimate for either side concerning the pipeline. In light of this news, other key features gaining attention include the following:<\/p>\n","protected":false},"author":88,"featured_media":67076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[58043,53226,50704],"persona":[],"class_list":{"0":"post-98988","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-pak-saudia","9":"tag-reko-diq-pakistan","10":"tag-reko-diq-project-balochistan","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reko Diq, Saudi Arabia Talks in Final Phase - Zameen News<\/title>\n<meta name=\"description\" content=\"Petroleum Minister Musadik Malik revealed that Pakistan&#039;s talks with the Saudi Development Fund on the Reko Diq project are nearly complete.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reko Diq, Saudi Arabia Talks in Final Phase - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Petroleum Minister Musadik Malik revealed that Pakistan&#039;s talks with the Saudi Development Fund on the Reko Diq project are nearly complete.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-05T06:08:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-05T06:08:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/06\/Reko-Diq.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"421\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Zohaib Nasir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Zohaib Nasir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Reko Diq, Saudi Arabia Talks in Final Phase - Zameen News","description":"Petroleum Minister Musadik Malik revealed that Pakistan's talks with the Saudi Development Fund on the Reko Diq project are nearly complete.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html","og_locale":"en_US","og_type":"article","og_title":"Reko Diq, Saudi Arabia Talks in Final Phase - Zameen News","og_description":"Petroleum Minister Musadik Malik revealed that Pakistan's talks with the Saudi Development Fund on the Reko Diq project are nearly complete.","og_url":"https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2024-09-05T06:08:54+00:00","article_modified_time":"2024-09-05T06:08:56+00:00","og_image":[{"width":1170,"height":421,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/06\/Reko-Diq.jpg","type":"image\/jpeg"}],"author":"Muhammad Zohaib Nasir","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Muhammad Zohaib Nasir","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html"},"author":{"name":"Muhammad Zohaib Nasir","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/e52d08c48c8141ff2bf4db7bff52ddc6"},"headline":"Reko Diq Copper-Gold Project: Saudi Fund negotiations reach final stage","datePublished":"2024-09-05T06:08:54+00:00","dateModified":"2024-09-05T06:08:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html"},"wordCount":328,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/06\/Reko-Diq.jpg","keywords":["Pak Saudia","Reko Diq Pakistan","Reko Diq Project Balochistan"],"articleSection":["Notices &amp; Announcements"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html","url":"https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html","name":"Reko Diq, Saudi Arabia Talks in Final Phase - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/06\/Reko-Diq.jpg","datePublished":"2024-09-05T06:08:54+00:00","dateModified":"2024-09-05T06:08:56+00:00","description":"Petroleum Minister Musadik Malik revealed that Pakistan's talks with the Saudi Development Fund on the Reko Diq project are nearly complete.","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/06\/Reko-Diq.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/06\/Reko-Diq.jpg","width":1170,"height":421,"caption":"Gold mines"},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"Reko Diq Copper-Gold Project: Saudi Fund negotiations reach final stage"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/e52d08c48c8141ff2bf4db7bff52ddc6","name":"Muhammad Zohaib Nasir","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/07\/WhatsApp-Image-2023-07-12-at-8.18.24-AM-96x96.jpeg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/07\/WhatsApp-Image-2023-07-12-at-8.18.24-AM-96x96.jpeg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/07\/WhatsApp-Image-2023-07-12-at-8.18.24-AM-96x96.jpeg","caption":"Muhammad Zohaib Nasir"},"description":"As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.","url":"https:\/\/www.zameen.com\/news\/author\/zohaib-nasir"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/98988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=98988"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/98988\/revisions"}],"predecessor-version":[{"id":98989,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/98988\/revisions\/98989"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/67076"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=98988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=98988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=98988"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=98988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}