Govt preparing new energy Exploration, Production policy

MG News | May 17, 2019 at 02:31 PM GMT+05:00

0:00

May 17, 2019: Special Assistant to Prime Minister on Petroleum Nadeem Babar says the government is preparing new energy Exploration and Production policy.

Talking to Danish ambassador Rolf Michael in Islamabad today, he said new policy containing seven major amendments will be tabled in Cabinet till August this year for approval.

Nadeem Babar said mega refineries will be installed with the cooperation of Saudi Arabia and the UAE will help not only to meet local demand and but also export it to regional markets.

He said many foreign companies have shown interest in laying Trans pipelines like Russian consortium, Chinese consortium and Pakistan's local Sui companies.

The Danish Ambassador said many Danish manufacturers are interested to invest in wind turbines.

He appreciated the steps being taken by the government to augment Pakistan's Oil and Gas sector.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,204.18 326.75M	-0.12% -200.31
ALLSHR	103,326.47 682.26M	-0.11% -115.78
KSE30	52,323.58 93.96M	-0.17% -90.21
KMI30	244,733.72 73.03M	0.04% 87.89
KMIALLSHR	67,164.58 409.64M	0.17% 114.30
BKTi	47,165.45 34.74M	-0.52% -248.09
OGTi	33,329.66 4.67M	-0.27% -90.09

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,125.00	90,610.00 87,910.00	65.00 0.07%
BRENT CRUDE	62.13	62.16 60.53	1.66 2.75%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.90	0.00 0.00	0.30 0.31%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	58.06	58.13 56.60	1.54 2.72%
SUGAR #11 WORLD	15.00	15.09 14.83	0.18 1.21%