ISLAMABAD: A delegation of domestic and foreign petroleum and gas exploration and production companies met with Prime Minister Shehbaz Sharif in Islamabad regarding to invest $5 billion in related sector.
As per detail, A delegation of domestic and foreign petroleum and gas exploration and production companies met with Prime Minister Shehbaz Sharif in Islamabad, leading to them announcing a substantial investment of $5 billion in Pakistan over the next three years.
The prime minister has directed relevant authorities to prioritize resolving all issues related to the sector.
Expressing their confidence in Prime Minister Sharif’s leadership, the companies committed to investing $5 billion to enhance Pakistan’s petroleum and gas exploration efforts. Delegation members praised the PM for his serious attention to the sector, acknowledging his efforts in consulting with industry stakeholders, addressing their concerns, and finding solutions.
“Thank you for making us part of the consultation process, listening to our problems and finding solutions,” they said.
Amid the meeting, it was revealed that 240 drilling sites will be explored over the next three years. The PM invited petroleum and gas companies to explore offshore reserves, emphasizing that local exploration of oil and gas is a top priority for Pakistan.
