Govt releases Rs1,624.770m for 13 petroleum sector projects

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Islamabad

The government has so far released funds amounting to Rs1,624.770 million to execute seven ongoing and six new petroleum-related projects under the Public Sector Development Programme (PSDP 2021-22) aimed at accelerating oil and gas exploration activities and achieving self-sufficiency in the energy sector.

According to the official data as of September 3, an amount of Rs1,624.770 million has been authorized/disbursed out of the total allocation of Rs 3,249.54 million for 13 petroleum sector projects.

As per the PSDP document, funds amounting to Rs1,473.683 million had been earmarked for seven ongoing schemes, out of which Rs263 million were meant for establishment of National Minerals Data Centre (NMDC), Rs345.321 for Expansion and up-gradation of Pakistan Petroleum Core House (PETCORE), Rs30 million for Geo-logical Mapping on 50 Toposheets, out of 354 unmapped Toposheets of Outcrop Area of Balochistan province, Rs385.336 million for strengthening and up-gradation of Karachi Laboratories Complex (KLC) at HDIP Operations Office, Karachi, Rs76.580 million for the supply of 13.5 MMCFD gas at Doorstep (Zero Point) of Dhabeji Special Economic Zone (SEZ) Sindh, Rs 230 million for the supply of 30MMCFD gas at Doorstep (Zero Point) of Rashakai Special Economic Zone (SEZ) and Rs143.446 million for up-gradation of POL testing facilities of HDIP at Islamabad, Lahore, Multan, Peshawar, Quetta and ISO Certification of Petroleum Testing Laboratory at Islamabad. —APP

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