Govt releases Rs287.289 million for seven petroleum projects

June 24, 2020: The government has so far released funds amounting to Rs287.289 million to execute seven petroleum projects under the Public Sector Development Programme (PSDP 2019-20) against the total allocation of Rs304.997 million.

According to the official data as of June 19 that showed a slight readjustment in funds’ allocation and releases, an amount of Rs10.553 million has been provided to explore and evaluate coal in Nosham and Bahlol areas of Balochistan.

While Rs35 million have been released for expansion and up-gradation of Pakistan Petroleum Corehouse (PETCORE) to ensure its sustainable operations and facilitate oil and gas exploration research in the country.

Similarly, a sum of Rs60.252 million has been provided under a project to up-grade Hydrocarbon Development Institute of Pakistan (HDIP)’s POL testing facilities in Islamabad, Lahore, Multan, Peshawar, Quetta and ISO Certification of Petroleum Testing Laboratory in Islamabad.

An amount of Rs3.655 has been issued for appraisal of newly discovered coal resources in Badin Coal-field and its adjoining areas of southern Sindh.

Whereas Rs3.109 million have been disbursed for the exploration and evaluation of metallic minerals in the Uthal and Bela areas of Lasbela district, Balochistan.

In two projects of gas provision, funds amounting to Rs 50 million have been provided for the supply of 30 Million Cubic Feet per Day (MMCFD) at the doorstep (Zero Point) of Rashakai Special Economic Zone (SEZ), while Rs124.720 million for transportation of 13.5 MMCFD gas to the Dhabeiji SEZ.