Oil & Gas Asia 2011
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Pakistan's Oil & Gas Sector
The Oil & Gas Sector has been identified as an engine of growth by the
Government and its unprecedented growth is expected to further promote
investment activities in the Country.
The Government is providing an investment friendly environment for the
oil & gas sector to attract local and foreign investors. As a result of
these financial and structural reforms, this sector has already emerged
as one of the most attractive sectors for investment in the Country.
Potential Investment Areas
Pakistan is rich in natural resources and has the capacity to become
self-sufficient in energy having huge sedimentary basins stretching over
825,000 sq. kms., offering immense potential for exploration and
development of the local natural resources with an exploration success
ratio of 1 : 3.5.
Petroleum Exploration & Production
The oil & gas 10-year road map for private investment is aimed at
drilling up-to 100 wells a year. The Government of Pakistan has chalked
out a comprehensive and more investor friendly Petroleum Exploration &
Production Policy offering bright prospects and greater incentives for
accelerating exploratory and production efforts. The new policy will
also help in reducing import of refined products to 90% of total
consumption. Additionally, Pakistan is eyeing at acquiring an additional
refining capacity of above 6 million tonnes per year.
Come to Pakistan,
the Land of Many Splendors
& Boundless Opportunities.
News and Events
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