Rs 1,624.770m released for 13 petroleum sector projects

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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, an amount of Rs1,624.770m 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 Rs1,473.683m had been earmarked for seven ongoing schemes, out of which Rs263m were meant for establishment of National Minerals Data Centre (NMDC).—APP

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