Govt releases Rs1.9bn for 13 petroleum sector projects in 8 months

The government has so far released funds amounting to Rs1,949.72 million to execute
seven ongoing and six new petroleum-related projects under the Public Sector Development
Programme (PSDP 2021-22) against total allocation of Rs 3,249.54 million.
Out of the total disbursement of Rs 1,949.72 million, around Rs313.43 million have been spent on the
petroleum during an eight-month period (July-February) of the current fiscal year to accelerate oil and
gas exploration activities and achieving self-sufficiency in the energy sector., according to official data
available with APP.
As per the PSDP document, funds amounting to Rs1,473.683 million had been earmarked for seven
ongoing schemes, out of which Rs 263 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 Geological 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, Rs 76.580 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 30 MMCFD 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.
Similarly, for six new schemes, the government had earmarked Rs1,775.857 in the PSDP, out of which
Rs40 million were kept for development of Strategic Underground Gas Storage (SUGS) – hiring of
consultancy services for Bankable feasibility study and transaction advisory services (PC-II), Rs30
million for Legal Consultancy Services for drafting of Model Mineral Agreement and updating of
Regulatory Framework (Federal and Provincial Minerals/Coal Departments) prepared by Mineral Wing,
Petroleum Division, Rs40 million for Pakistan National Research Programme on Geological Hazards
(Earthquakes and Landslides) – Data Acquisition along Active Faults and Identification of Potential
By News Desk – March 30, 2022
3/31/22, 8:25 PM Govt releases Rs1.9bn for 13 petroleum sector projects in 8 months – Mettis Global News 2/2
Landslides Hotspot Zones, Rs73.447 million for the supply of 10 MMCFD RLNG to Bostan Special
Economic Zone, Rs149.410 million for the supply of 13 MMCFD RLNG to Bin Qasim Industrial Park and
Rs785 million for the supply of 40 MMCFD gas/RLNG to Allama Iqbal Industrial City Special Economic
Zone (SEZ), Faisalabad.

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