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Foreign firm to start natural gas production

KARACHI: The government has allowed Rally Energy Corporation of USA to start natural gas production at its Salsabil Field project in the country.

A report issued on Tuesday said that approval has been given for the period up to November 30, 2007. The corporation will feed natural gas production into the Sui northern gas pipeline system.

Initial production from one well was measured at 9.5 million cubic feet per day, the company said and is expected to rise to 20 million cubic feet per day.

Rally expects an eventual 1,000 barrels of oil equivalent net to the company when a second well is connected to the system later this week, it said.

“This is a significant event in Rally’s rapid growth where we now have a second source of revenue that is sufficient to fund our ongoing development and exploration activities in Pakistan,” Chief Executive Officer of the company, Abby Badwi said. Rally is based in Calgary but mainly runs operations in Egypt, where it has a full interest in the Issaran Oilfield, and also in Pakistan where it holds 30 percent stake in the Safed Koh block. staff report

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