The policy amendments recommended by the PM's Task Force on Energy were approved by the federal authorities.
“After completion of 5,000 meter drilling, the volume of oil reserves will be estimated,” Asad Umar said.
PM Imran Khan said that there had been positive indicators in the exploration process and added that they would give a good news to the nation within three weeks.
A well-known multinational oil and gas firm in the United States ‘Exxon Mobil’ is on the point of exploring huge oil reserves near the Pakistan-Iran border, which could reportedly be bigger than the Kuwaiti reserves. Caretaker Minister for Maritime and Foreign Affairs Abdullah Hussain Haroon made this revelation while addressing business leaders at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). If the oil deposits are discovered as expected, Pakistan will be among top the 10 oil-producing…