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PESHAWAR: Out of the total 71,000 barrels of the national crude oil production per day Khyber Pakhtunkhwa is producing about 31,000 barrels per day.

It was told during briefing on the Khyber Pakhtunkhwa Oil & Gas Company Limited (KPOGCL) to the Caretaker Provincial Minister for Energy & Power and Mineral Development, Engineer Ahmad Jan.

During the meeting, the caretaker minister was given a detailed briefing on the goals, performance, future goals and challenges of Khyber Pakhtunkhwa Oil and Gas Company Limited, a company established for the discovery of oil and gas reserves in the province and its promotion.

OGDCL sees significant oil & gas production increase in KPK well

The company was established in 2013 with the aim of promoting the exploration and production of oil and gas at the provincial level in the province. The company is carrying out Oil and gas exploration activities at many places of the province.

The minister was told that Khyber Pakhtunkhwa also produces 13% of the total gas production of the country while Khyber Pakhtunkhwa is providing 41% of the total production in LPG.

Speaking on the occasion, the provincial minister said that Khyber Pakhtunkhwa has vast potential of valuable natural oil and gas and directed the authorities of the company concerned to take practical steps for the promotion and development of natural resources of oil and gas in the province.

The caretaker minister directed the company officials to intensify their practical efforts to fully utilize the natural resources of this province, as we can get economic stability through it. He said that he believes in hard work and honesty and in capacity as the caretaker minister will support the company in its efforts for the development of the province.

Copyright Business Recorder, 2023


Comments are closed.

Amir Ali Sep 18, 2023 05:41pm
If kp produces all 71ooo so what still we have to buy it on 333rs per liter so it is of no use. Go to he'll unless you not providing relief to the masses.
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Shahbaz Ali Sep 18, 2023 06:40pm
Pakistan consumes 556,000 barrels per day where TOTAL production is 71,000. It means only 13% is local whereas 87% is imported! Even companies producing this 13% wants to sell at or close to market price like all other companies selling their products. If we manhandle them then there will be zero local production
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Irshad Sep 18, 2023 08:52pm
The govit should make JVs with int oil exploration companies to utilize their expertise,first of all explore it through national company like OGDCL,if the resources is limited the take advantage of JVs with International companies.
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Umair Ahmed Sep 18, 2023 11:03pm
@Amir Ali, aray meray saday Pakistani socho 2013 may bannay wali aik company $1 billion ka oil produce kr rahi hai agar sahih se effort kr tay tu inhi 10 salo may 3 se 4 company active ho sakti thi yani $4 billion ka oil production. Jb k IMF se sirf 3-4 billion dollars ka loan lenay k liey kitnay papar belay aur aam awaam ko parishan bhi kia. Hum Pakistani kitni opportunity khotay hain sochay.
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Nasrullah Khan Sep 19, 2023 05:52am
@Amir Ali, As per article, KP is producing 31000 not 71000 brother.
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