Vast reserves of oil and gas discovered in Tando Muhammad Khan: Khaqan

News Image

MG News | July 18, 2017 at 10:03 AM GMT+05:00

0:00

Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi has said vast reserves of oil and gas has been discovered in Tando Muhammad Khan.

Addressing a news conference in Islamabad, he said 24 million cubic feet of high quality gas per day is being extracted from different well sites across Pakistan. He mentioned that, 765 barrel crude oil per day is also being produced from these wells.

Highlighting the discoveries, he mentioned that during the tenure of the incumbent government 101 oil and gas discoveries have been made. This has all been done in an effort to lessen Pakistan's energy requirements dependence upon different countries and increasing here independence in the energy sector.

He said that reserves attributed to the new geographic sites are based on 68 discoveries and remaining 33 discoveries are under evaluation in different parts of the country.

The Minister said that the country is marching towards sustainable development in the energy sector and is trying to decrease Pakistan's independence over energy imports.

Related News

Name Price/Vol %Chg/NChg
KSE100 154,439.68
241.10M
-1.09%
-1701.56
ALLSHR 94,668.16
984.91M
-0.80%
-765.63
KSE30 47,119.91
93.25M
-1.26%
-600.63
KMI30 226,125.72
147.15M
-1.17%
-2674.34
KMIALLSHR 63,569.05
456.03M
-0.92%
-592.28
BKTi 41,622.83
56.72M
-1.28%
-538.80
OGTi 31,488.79
10.15M
-1.08%
-344.95
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,850.00 117,320.00
114,850.00
1920.00
1.67%
BRENT CRUDE 66.88 68.17
65.71
0.51
0.77%
RICHARDS BAY COAL MONTHLY 84.00 84.00
84.00
-1.90
-2.21%
ROTTERDAM COAL MONTHLY 93.00 93.25
92.75
0.00
0.00%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 62.60 63.98
61.69
0.23
0.37%
SUGAR #11 WORLD 15.81 15.87
15.67
-0.01
-0.06%

Chart of the Day


Latest News
September 14, 2025 at 07:11 AM GMT+05:00

Weekly Market Roundup


September 13, 2025 at 08:42 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


September 13, 2025 at 05:13 PM GMT+05:00

Wheat prices break past official ceilings



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg