Islamabad: Prime Minister Shehbaz Sharif has formed a committee headed by Deputy Prime Minister Ishaq Dar to prepare attractive policy proposals for oil and gas exploration in the country after consultation with stakeholders.
In a meeting with a delegation of oil and gas exploration and production companies in Islamabad today, he said the exploration of domestic oil and gas reserves is the government’s priority.
It invites oil and gas exploration and production companies to look for offshore reserves. He said that production from natural reserves will save the country’s precious currency and make oil and gas cheaper for the common man.
The Prime Minister ordered relevant leaders to solve problems arising in the sector in priority areas.
On this occasion, oil and gas exploration and production companies announced that they will invest five billion dollars in Pakistan over the next three years. During this period, two hundred and forty places will be drilled in search of oil and gas.
