Pakistan opens bids for 20 onshore blocks for grant of Petroleum Exploration Rights

MG News | January 17, 2021 at 02:44 PM GMT+05:00

0:00

January 17, 2021: Directorate General of Petroleum Concessions has publicly opened bids for 20 onshore blocks for grant of Petroleum Exploration Rights through open bidding today at Petroleum House, Islamabad.

According to a press release of Ministry of Energy, the minimum investment to be carried out by the Exploration and Production companies in these blocks for prospecting will be over 71 million dollars in three years.

The auction of new oil and gas blocks is part of the incumbent government strategy to revive exploration and production activities in the country which had been ignored by previous governments.

Radio Pakistan

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,625.27 18.03M	0.25% 421.09
ALLSHR	103,562.18 73.09M	0.23% 235.71
KSE30	52,417.90 5.00M	0.18% 94.32
KMI30	244,966.39 4.17M	0.10% 232.67
KMIALLSHR	67,349.37 25.80M	0.28% 184.79
BKTi	47,426.42 2.71M	0.55% 260.97
OGTi	33,345.95 0.27M	0.05% 16.29

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,325.00	88,980.00 87,725.00	-65.00 -0.07%
BRENT CRUDE	61.99	62.08 61.92	-0.08 -0.13%
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	57.90	57.99 57.79	-0.11 -0.19%
SUGAR #11 WORLD	15.00	15.09 14.83	0.18 1.21%