Gas supply price 'not workable' for Tuwairqi Steel, minister says

The price sought by Pakistan’s Tuwairqi Steel Mills for its supplies of natural gas is not workable, federal finance minister Ishaq Dar has said.

Tuwairqi Steel signed a Memorandum of Understating (MoU) in 2005 with the government of the day, Dar said. This specified that the company was to get natural gas supplies under a “complex formula” for a five-year period at PRs123 ($1.20) per million cubic feet...


Serife Durmus

April 28, 2015

18:05 GMT