KPK’s oil, gas reserves can change fate of country: PBIF
The reserves of oil and gas in the Khyber Pakhtunkhwa province could change the fate of country, province have nine trillion cubic feet of recoverable gas reserves and 500 million barrels of oil which are ten times as big as that of Pothohar reserves.
According to the press release here on Wednesday, The President Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain said that investment in KP oil and gas sector can change the fate of country while reducing unemployment and militancy.
He said that presently KP province is producing half of the oil of the total national output while 10 percent of the gas which is also being provided to the other provinces.
KPOGDC has improved working in 17 oil and gas blocks while the remaining 4 need attention of the authorities he said adding that OGDC and MOL are actively participating in exploring activities while other multinational companies are not playing active role due to security fears.
He said that dozens of American, Chinese, Kuwaiti and other companies are interested in investment in KP oil and gas sector provided their reservations should be tackled.