Government Initiatives Aim to Boost Indigenous Petroleum Production
Islamabad - 22 May 2024 (Adnan Hameed) : The Minister for Petroleum Musadik Masood Malik says the government has come up with multiple policies to enhance indigenous production of petroleum products including gas and crude oil. Addressing the Pakistan Energy Symposium, jointly organized by OICCI, Shell, and Nutshell at a local restaurant in Islamabad, Dr. Musadik Malik stated that the government has put out blocks for bidding. He mentioned that the government is endeavoring to attract global players to participate in exploration activities. The Minister for Petroleum said Pakistan is open for business and is committed to completely digitize the regulatory process in order to make it more transparent. Musadik Malik said that Pakistan is also pushing for TAPI gas pipeline project saying it will provide less expensive gas.
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