PM for formulating petroleum related issues strategy for consideration of next govt

156
APP56-07 ISLAMABAD: June 07 - Prime Minister Justice (Retd) Nasir-ul-Mulk chairing a briefing by Petroleum Division at Prime Minister’s Office. APP

ISLAMABAD, June 7 (APP):Prime Minister Justice (Retd) Nasir-ul-Mulk Thursday called for formulating a comprehensive strategy for addressing petroleum related issues, during the interim period, for the consideration of the next elected government.
Chairing a briefing here on petroleum at the Prime Minister Office, he said the basic mandate of the caretaker government was to address any emergent situation.
Minister for Energy Barrister Syed Ali Zafar, Secretary to Prime Minister Suhail Aamir, Secretary Petroleum Sikandar Sultan Raja and senior officials attended the briefing.
The petroleum secretary briefed the caretaker prime minister about the petroleum sector with special focus on production and sector-wise consumption of gas and petroleum products in the country.
The prime minister was informed that the country’s current energy requirements of 79.58 Million Tonnes of Oil Equivalent were being met through 38% gas, 34% oil, 06% LNG and other resources including LPG, Hydro and coal resources.
The petroleum secretary also gave an overview of the available gas and oil reserves in the country and the cumulative province-wise production and their utilization.
The prime minister was informed that around 0.5 million consumers were being added annually to the existing number of 8.8 million of gas consumers in the country.
It was informed that with diminishing domestic production, LNG requirement which currently stands at 1000 MMCFD was projected to reach 3600 MMCFD by 2030.
The petroleum secretary, in his briefing, also highlighted certain issues concerning the petroleum sector including revision of gas sale prices