Trump announces new US-Pakistan trade deal to develop oil reserves

[Callen]

A major discovery of oil and natural gas reserves has been made in Pakistan’s territorial waters, reported a local publication, Dawn.

The hydrocarbon find is said to be so large that it could potentially alter the nation’s economic trajectory.

A three-year survey, conducted in partnership with an allied nation, has confirmed the presence of these resources, DawnNewsTV reported, citing a senior security official.

I understand all that. My point is if it's so lucrative why aren't the oil and gas companies stepping up themselves? Why do they need Trump?

 

[anatta]

I understand all that. My point is if it's so lucrative why aren't the oil and gas companies stepping up themselves? Why do they need Trump?

I would think Pakistan PM Sharif wants it in any trade agreement. I can't say though if the fields are ready for development

 

[Chomsky]

they can be executive international trade agreements (like the TPP) or full treaty like the USMCA..i dont know otherwise

But TPP was a proposed deal under Obama, that was never ratified by Congress and never came to fruition.

If Trump doesn't put these current trade deals before Congress for ratification, I'm not sure how they can be put into force. And if the Administration does somehow enact them unilaterally, they would be subject to become null & void during the next Administration.

As far as I'm aware, only Congress can do international treaties.

 

[Callen]

I would think Pakistan PM Sharif wants it in any trade agreement. I can't say though if the fields are ready for development

However, Trump has not got the authority to compel a private company to enter into any venture. Trump said "We are in the process of choosing the Oil Company that will lead this Partnership" He has no authority or power to "choose a company". I think it's the same nonsense as in the EU deal.

 

[Callen]

f Trump doesn't put these current trade deals before Congress for ratification, I'm not sure how they can be put into force. And if the Administration does somehow enact them unilaterally, they would be subject to become null & void during the next Administration.

As far as I'm aware, only Congress can do international treaties.

I think the catch is these are not trade deals even though that is term Trump likes. They are simply an imposition of tariffs by him citing "national security concerns."

 

[MTAtech]

Deep Water extraction needs high tech. Again I mentioned Russia partnered with Exxon for the same Arctic extrction

There isn’t anything stopping Pakistan from hiring the expertise needed. They don’t need Trump’s help.

 

[CSharp]

Nobody is scrambling. Trump rips up his own deals, everyone knows it’s just bullshit.

Trump’s just using the trade war to sneak in raising our taxes.

This 100%. It's clear as day to anyone without trumptardic delusions.

 

[CSharp]

He doesn't actually believe that. He just hates Trump.

I actually believe that. TPF, I do hate trump - especially his retarded economic policies. I do think Regan had it right.

 

[CSharp]

That must be why conservatives love tariffs. Eyeroll.

Conservatives HATE tariffs. trumptards are NOT conservative.

 

[Grand Mal]

Major oil and gas reserve found in Pakistan's waters

A major discovery of oil and natural gas reserves has been made in Pakistan's territorial waters, reported a local publication Dawn.

www.offshore-technology.com

Odd. That report is from last September, but from last December...

'Pakistan has recorded the first substantial increase in its domestic oil reserves since 2020, with new discoveries and higher production leading to a 23% annual increase in reserves to 238 million barrels as of December 2024.'

Pakistan Upgrades Its Oil Reserves Estimate by 23% | OilPrice.com

Pakistan has recorded its first substantial increase in domestic oil reserves since 2020, with a 23% annual rise to 238 million barrels as of December 2024.

oilprice.com

 

[anatta]

There isn’t anything stopping Pakistan from hiring the expertise needed. They don’t need Trump’s help.

Pakistan needs expertise. Usually that is done by a joint venture with energy companies. I imagine just paying for it would be expensive, and the most lucrative manner would be a partnership. Here is what I was mentioning as an ex.

Rosneft, Exxon Ink Arctic Deal

U.S. oil major Exxon-Mobil, the world's largest listed oil firm, and Russia's state-owned Rosneft have signed an exploration partnership deal that could see some $500 billion invested in Russia's Arctic region. Rosneft signed a similar deal with BP in 2011 that collapsed months later.

www.rferl.org

 

[MTAtech]

Pakistan needs expertise. Usually that is done by a joint venture with energy companies. I imagine just paying for it would be expensive, and the most lucrative manner would be a partnership. Here is what I was mentioning as an ex.

Rosneft, Exxon Ink Arctic Deal

U.S. oil major Exxon-Mobil, the world's largest listed oil firm, and Russia's state-owned Rosneft have signed an exploration partnership deal that could see some $500 billion invested in Russia's Arctic region. Rosneft signed a similar deal with BP in 2011 that collapsed months later.

www.rferl.org

Ok, as others have mentioned, why do they need Trump? Is he an energy company?

 

[anatta]

But TPP was a proposed deal under Obama, that was never ratified by Congress and never came to fruition.

OK I got that wrong, i thought the TPP was just an executive agreement, like the JCPOA. Apparently the TPP used Fast Track powers, which do have to be ratified (up down vote)

If Trump doesn't put these current trade deals before Congress for ratification, I'm not sure how they can be put into force. And if the Administration does somehow enact them unilaterally, they would be subject to become null & void during the next Administration.

Could be. I'm just not sure of the status of these agreements. But if no Congressional approval is needed, then Trump gambles on the fact these will be effective agreements carried on by the next adm

As far as I'm aware, only Congress can do international treaties.

Treaties yes/ other no..maybe LOL.. here's an AI search if you can figure it out

Generally, the United States enters into trade agreements in one of two ways:

1. Treaties: These require the President to negotiate and gain the advice and consent of two-thirds of the Senate for ratification.
2. Executive Agreements: These are international agreements entered into by the President without Senate advice and consent. They are further categorized as:
   • Congressional-Executive Agreements: Authorized or approved by Congress through legislation. Most comprehensive Free Trade Agreements (FTAs) fall under this category, including the United States-Mexico-Canada Agreement (USMCA) enacted during the Trump administration.
   • Sole Executive Agreements: Based on the President's constitutional powers and not requiring congressional authorization.

Regarding Trump's trade agreements, specifically focusing on the recent legal challenges to his tariffs:

• In May 2024, a federal trade court ruled that President Trump's tariffs were unlawful, stating that he did not have "unbounded" authority to impose duties as he saw fit. This suggests that tariffs, even if implemented to achieve trade objectives, might require congressional approval or fall within a previously delegated authority from Congress.
• However, the Justice Department appealed this decision, arguing that ending the tariffs would disrupt ongoing trade negotiations, and an appeals court temporarily halted the mandate, allowing the tariffs to remain in place.
• During the appeal hearing on July 31, 2025, appellate judges appeared skeptical of the Trump administration's arguments regarding the President's authority to impose tariffs without congressional approval, especially under the International Emergency Economic Powers Act.
• Legal experts suggest that even if a court finds the President's tariffs unlawful, Congress could still approve the underlying trade deals, as it did with the USMCA (the renegotiation of NAFTA).

In summary:

• The U.S. Constitution assigns the power to regulate trade and impose tariffs to Congress.
• The President can negotiate and enter into trade agreements, but generally, comprehensive or binding agreements (like FTAs) require congressional approval through legislation or a treaty ratification process.
• The use of executive agreements, especially sole executive agreements, to implement trade policy, particularly regarding tariffs, is a subject of ongoing debate and legal challenges.
• Even if a court rules against the President's authority to unilaterally impose tariffs, Congress retains the power to approve the underlying trade agreements

 

[anatta]

Ok, as others have mentioned, why do they need Trump? Is he an energy company?

Paki doesnt need Trump per se, but they are making the proposed JV part of the trade agreement .That gives an energy company POTUS approval and gives Paki a bargaining chip. hopefully it's a win/win outcome

 

[MTAtech]

Paki doesnt need Trump per se, but they are making the proposed JV part of the trade agreement .That gives an energy company POTUS approval and gives Paki a bargaining chip. hopefully it's a win/win outcome

Win/win except for the American consumers, who will pay higher tariffs (import taxes.)