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Pakistan, The Promising
Gateway For Energy
Pakistan Oil Show
plays host to one of the most comprehensive shows of
technological achievements in the Upstream Energy Sector in
the region, where industry players can meet their highly
targeted audience in a high profile, business-to-business
environment.
Pakistan's ideal
geographical location at the crossroads of Central Asia and
the Arabian Sea together with the fast-paced Industrial
development has brought into focus the country's potential as
an attractive market and an international transit route for
Energy in the region.
Oil & Gas are
two of the major components of Pakistan's Energy Mix
contributing more than 85% to the total fuel share of energy
production. Serving to the aggregate requirement of over
400,000 barrels of oil per day, 38% of the total supplies to
the country's energy mix is met through imported
oil. barrie moving companies.
The country
depends mainly on imported oil and the demand for oil and
petroleum products has grown at an annual consumption growth
rate of 5%. With the new discovery of oil resources in Sindh,
Pakistan's indigenous crude production is approximately around
63,000 barrel per day out of which some 5,000 barrels are
exported. Can you do himself or English Paper and article reviews.
Deregulation and
privatization of petroleum sector is high on the agenda of the
government of Pakistan where the focus is being laid on
liberal and practicable policies to attract investment in
petroleum sector and to explore all the areas to yield full
advantage of locally available natural resources. According to
a government decision, the country is likely to stop import of
fuel oil from next year. He did so to get a good grade,- buy customized essays,- thanks.
Up till now over
400 exploratory wells have been drilled by various national
and international exploration and production companies,
resulting in over 60 gas discoveries. On the other hand, about
42 TCF of crude gas reserves of variable quality have been
discovered so far.
Currently,
Pakistan has 27 trillion cubic feet (TCF) of natural gas
reserves, which can meet gas requirement for the next 25
years, growing at an average of 6% during the past few years.
Pakistan has a well developed and integrated infrastructure of
transporting, distributing and utilizing natural gas with 7400
KM of transmission pipelines and 49,000 KM of distribution
network developed progressively over 48 years.
Development of
the new fields is being carried out at a fast pace to
accelerate gas development with 1 bcfd additional gas in the
system. Additionally, the transmission and distribution
network is also being upgraded to carry 850 mmcfd of natural
gas with an investment of US$ 400
million.
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