Pakistan Oil Reserves and Gas Reserves Improve Thanks to SIFC Facilitation

Sunday, 15 September 2024, 02:31

Pakistan oil reserves have surged by 26% and gas reserves by 2% in FY 2024, largely due to SIFC facilitation boosting exploration activities. The energy sector in Pakistan is witnessing significant growth with new oil and gas discoveries leading the way. Continued efforts in exploration and production are supported by the latest energy policy reforms focused on hydrocarbon exploration.
Tribune
Pakistan Oil Reserves and Gas Reserves Improve Thanks to SIFC Facilitation

Significant Growth in Pakistan's Energy Sector

Pakistan's oil reserves have seen a remarkable increase of 26% in fiscal year 2024, while gas reserves have risen by 2%. This progress is primarily attributed to the facilitation provided by the SIFC, which has catalyzed numerous oil and gas discoveries.

Impact of SIFC Facilitation

The SIFC has played a crucial role in enhancing exploration and production in Pakistan. By streamlining processes, SIFC has made it easier for companies like OGDCL and Pakistan Petroleum Limited to pursue new opportunities in the energy sector.

Future Directions for Hydrocarbon Exploration

The growing reserves reflect a concerted effort towards effective energy policy reforms. These initiatives are aimed at invigorating the energy sector in Pakistan and promoting sustainable growth through strategic investment.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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