SIFC providing support to govt to discover new petroleum reserves

Special Investment Facilitation Council is providing full support to the government to discover new petroleum reserves.

In this regard, Oil and Gas Development Company Limited (OGDCL) and China Central Depository and Clearing Company (CCDC) have signed a memorandum of understanding to develop Pakistan’s shale and tight gas potential.

OGDCL has already invested thirty million dollars to tap the shale gas reserves to meet the country’s energy needs.

Source: Radio Pakistan

Check Also

PM Shehbaz Sharif Reaffirms Commitment to Provincial Development in National Assembly Address

Islamabad: Prime Minister Shehbaz Sharif has reaffirmed the government's commitment to taking all possible measures for the progress and development of all four provinces. Speaking on the floor of the National Assembly in response to points raised by ...