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

Add Mettisglobal as a Trusted Source on Google

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	177,873.88 195.45M	0.28% 500.11
ALLSHR	106,712.07 1,040.19M	0.56% 589.19
KSE30	51,887.21 103.81M	0.29% 152.18
KMI30	255,042.46 89.67M	0.46% 1169.47
KMIALLSHR	69,162.85 342.71M	0.85% 584.42
BKTi	48,733.27 19.48M	-0.22% -108.13
OGTi	36,043.06 20.06M	2.70% 947.37

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,255.00	68,420.00 66,500.00	-1660.00 -2.41%
BRENT CRUDE	96.29	97.13 95.06	0.47 0.49%
RICHARDS BAY COAL MONTHLY	127.15	0.00 0.00	-1.45 -1.13%
ROTTERDAM COAL MONTHLY	138.00	138.00 137.90	0.60 0.44%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	88.92	89.64 87.80	0.18 0.20%
SUGAR #11 WORLD	18.40	18.54 18.16	0.18 0.99%