ISLAMABAD: Prime Minister Imran Khan on Friday said the use of technology in energy sector would not only lessen the burden of prices on the people by plugging leakages but would also contribute to increase in much-needed foreign exchange reserves. While chairing a meeting to increase exploration of oil and gas in the country, the prime minister stated there was a need adopt a coherent and comprehensive strategy to address energy challenges.
He added that implementation of exploration and production management system would help the country benefit from relatively low cost oil and gas resources. On the occasion, the petroleum secretary briefed the meeting on Exploration and Production Management System. The meeting was informed that the implementation of that system would help to enhance the local production capacity of oil and gas in the country.
This system under the supervision of the government would develop a database based on the information gathered from private and public-sector companies with regards to oil and gas. Under this system, oil and gas resources would be made available to the people at low cost.
Copyright Business Recorder, 2020
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