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US President Donald Trump has announced the oil deal with Pakistan. Under this, we will develop oil reserves of Pakistan. He also claimed that Pakistan can sell India’s oil in future.
Posting social media on Wednesday, Trump wrote,
We have finalized a deal with Pakistan, in which the US and Pakistan will jointly develop the huge oil reserves there. An oil company will be selected for this partnership. Perhaps one day they also sell oil to India.
Trump’s statement came at a time when he announced a tariff on India a few hours ago.
Trump has also said additional penalty for purchasing military goods and energy from Russia on India.
America will impose 25% tariff on India
US President Donald Trump has announced a 25% tariff on India from 1 August on Wednesday. He posted on social media and wrote that India is buying weapons and oil from Russia, so he will also impose a fine on it.
Trump said in another post that India’s trade deficit with America is very high, so they are imposing tariffs on Indian goods.
On the decisions of President Trump, the Government of India has said that it is understanding the impact of this decision and will take every necessary steps to save the interests of the country.
Oil reserves found in Pakistan last year
In September last year, a large reserves of oil and gas were found in Pakistan’s maritime border. According to Pakistani media house Dawn, a survey was conducted for 3 years with a associate country in the area. It confirmed the presence of oil and gas reserve later.
According to some data, this reserves will be the fourth largest oil and gas reserves in the world. Currently, Venezuela has the largest reserve of oil, which has 34 lakh barrels of oil. At the same time, America has the pure oil reserves, which have not yet been used.
If Pakistan manages to remove oil and gas, it will have a big impact on its economy.
It will take 4-5 years to remove oil or gas
According to the report, it will cost about 42 thousand crores to complete the research related to the store. After this, it may take 4-5 years to remove it from the depth of the sea. If the research is successful, then it will be needed more money to install wells and make the rest of the infrastructure to remove oil and gas.
Pakistani authorities have described getting oil and gas reserves as good for the country’s ‘Blue Water Economy’. Promoting the economy through maritime routes, new ports and maritime policy is called blue economy.
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