Petroleum sector gets Rs1,312.10m for 9 projects in 8 months



The government has released funds amounting to 1,312.10 million to advance nine ongoing petroleum-related projects during an eight-month period of the current fiscal year under the Public Sector Development Programme (PSDP 2022-23) against a total allocation of Rs1.48 billion.

Out of the total disbursement of Rs1,312.10 million, around Rs698.04 million have been spent on petroleum projects to accelerate oil and gas exploration activities from July to February, according to official data available with APP.

As per the PSDP document, the incumbent government had earmarked Rs150.560 million for the establishment of the National Mineral Data Centre (NMDC) Directorate General of Minerals, Rs303.700 million for expansion and up-gradation of Pakistan Petroleum Corehouse (PETCORE) for its sustainable operations to facilitate oil and gas exploration research in Pakistan (HDIP), Rs100 million for Geological Mapping on 50 Toposheets, out of 354 unmapped Toposheets of Outcrop Area of Balochistan Province, Rs70 million for Legal Consultancy Services for drafting of Model.—APP