KP oil production jumps to 50,000 barrels per day


Peshawar—Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said Khyber Pakhtunkhwa was producing more than 53% of national oil and its production had jumped from 30,000 barrels per day to 50,000 barrels per day while natural gas production had jumped from 300 million to 400 million cubic feet per day.
He was presiding over a meeting regarding advantages and strength of the province to be exploited for the benefit of the people and rapid development of the province.
Speaker Khyber Pakhtunkhwa Assembly Asad Qaiser, MD SNGPL Arbab Muhammad Saqib and other concerned officials of the provincial government also attended.
The Chief Minister said that the province was moving to produce and provide cheap electricity to investors in the industrial zones of the Province that was pre-requisite for rapid industrialization in the province.
KP government would use natural gas for the establishment of three power generation stations at Kohat, Rashkai and Hattar Industrial estates each producing 225 Mega Watt electricity and the electricity produced would be offered to the industries in the three industrial estates on concessional rates, he added.
He assured that the provincial government would be a sovereign guarantor in order to attract and facilitate investors in the province. Our government had already offered unmatched incentives to the investors and facilitating them through one window operation. He said the province of Khyber Pakhtunkhwa was replete with unlimited natural resources and his government produced an enabling environment for foreign and domestic investors to harness these resources for the expeditious development of the province.—APP