Pakistan Petroleum Launches 6 New Projects for Fiscal Year 21-22

by Rabia Arshad
Published: Last Updated on

Pakistan-Petroleum, Regional-Industries, Minerals,

During the current fiscal year, 2021-2022, 1.8 million has been invested in the petroleum sector to ensure the ultimate self-sufficiency in the coming future. 6 new projects are prepared for commencement while 7 petroleum projects are already underway.

Recommended: Pakistan’s Regional Exports Rise to 34.75% in July-August 2021

  • A sum of 40 million was registered to the Public Sector Development Programme (PSDP) to develop SUGS (The Strategic Underground Gas Storage) and form a hiring consultancy for more fruitful studies, research and transaction advisory services(PC-11).
  • A sum of 30 million PKR has been allocated for consultancy regarding the legality of the model mineral agreement, along with the upgradation of provincial mineral departments and the regulatory framework.
  • A sum of 40 million pkr was received by the PNRP(Pakistan National Research Programme) regarding the identification of potential landslide hotspot zones and acquisition of geological hazards which are active at fault.
  • A sum of 73.5 million was allocated to supply the Bostan Special Economic Zone(SEZ) with 10 Million Cubic Feet per Day (MMCFD) of RLNG.
  • A sum of almost 150 million was appointed to supply 13 Million Cubic Feet per Day to the Bin Qasim Industrial Park.
  • A sum of an estimated 800 million was allocated to the supply of 40 MMCFD to Allama Iqbal Industrial City in Faisalabad with RLNG.

Recommended: China to Invest $15 Billion in the Petrochemical Industry at Pakistan’s Arabian Seaport

The 7 ongoing schemes regarding the petroleum sector include; 

  1. The establishment of the National Mineral Data Centre(NMDC) was allocated 263 million PKR.
  2. Aiming for the expansion and upgrades of the Pakistan Petroleum Core House (PETCORE), 345 million PKR was appointed.
  3. For the management and mapping of toposheets regarding Balochistan, 30 million PKR was allocated.
  4. Regarding the upgrade and strengthening of the Karachi Laboratories Complex (KLC) located at the HDIP operations office, a sum of 385 million PKR was recorded.
  5. For supplying zero-point Dhabeji SEZ with 13.5 MMCFD, a sum of 76.5 million PKR got allocated.
  6. For supplying zero point of Rashakai SEZ with 30 MMCFD, a sum of 230 million PKR was allocated.
  7. For the enhancement of the POL testing facilities of HDIP a sum of 143 million PKR was introduced. This involved upgradation at Islamabad, Lahore, Multan, Peshawar, Quetta along with the ISO certification petroleum testing lab, Islamabad.

Recommended: Don’t Miss Out Reading These 10 Amazing Books Written by Pakistani Writers


Related Posts

A contemporary news and media magazine that brings the latest in art, culture, lifestyle, food, fashion, entertainment and the most interesting stories from the people of  Pakistan.

Copyright @2022  All Right Reserved – Designed and Developed by Maven Logix