Pakistan

More oil refineries to be set up to meet growing energy demand: PM

oil refineries

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi on Thursday said that steps had been taken for establishment of oil refineries and transmission of oil through pipeline instead of trucks to meet growing energy demand.

“The government has delivered by mitigating energy crisis in the country,” he said after inaugurating Pakistan Oil and Gas Conference in Islamabad.

Referring to the LNG import by the present government, the prime minister said it was because of this significant initiative that today power plants were running, CNG sector was operating and we were exporting fertilizer and every industry was getting gas round the clock.

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He said the present government signed a contract with Qatar for import of LNG and a terminal was also constructed for the purpose within a short span of time.

Shahid Khaqan Abbasi said it was because of efforts of the government that the country had replaced the depleted gas reserves 100 percent and domestic oil production had crossed 100,000 barrels per day.

“We have introduced standard petrol and diesel without any price increase for consumers and this would also have salutary impact on the environment,” he said.

He said like CNG, diesel prices had also been deregulated.  He said there was a proposal for setting up a transmission company and one distribution company each in the provinces for gas.

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As for import of gas, he said work on Turkmenistan-Afghanistan-Pakistan-India (TAPI) had started and gas flow from the project would start in four to five years.

The premier urged experts to make concrete and feasible proposals for tackling the problems of the energy sector to efficiently meet growing requirements of the country.

On this occasion, the PM also launched the publication “Pakistan Energy Outlook 2017”, encompassing existing and future energy scenarios of the country.

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More oil refineries to be set up to meet growing energy demand: PM

by Web Desk