Govt announces bidding of 14 new oil and gas blocks

MG News | December 31, 2021 at 03:21 PM GMT+05:00

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December 31, 2021 (MLN): Amid gas supply shortage in the country, Petroleum division has announced bidding round of 14 new blocks covering 24000 sq km for exploration of oil and gas, Minister of Energy, Hammad Azhar tweeted today.

Through this bidding round, the petroleum division aims to tap resource potential of 15 trillion cubic feet (TCF) gas, 180-million-barrel (MB) oil, $100 million investment and $1.2 million in social welfare schemes, he added.

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