Updated on
Summary Government has planned to increase crude oil production by 69,000 barrels per day during FY 2012-13.
It aims at meeting the growing energy demands of the country, a Petroleum Ministry official has said.The official said the gas production will be enhanced by 4,791 million cubic feet per day (mcfd) in the current fiscal and gas will be supplied to approximately 391, 705 new consumers and about 580 new towns and villages will be connected to the Gas network.Gas utility companies have planned to invest Rs 38,381 million on transmission projects, Rs 21,604 million on distribution projects and Rs 13,143 million on others projects bringing the total investment of Rs 73,128 million for 2012-13.The official said during recently ended financial year 2011-12, the estimated local crude oil production was 64,624 barrels per day against the projection of 69,000 barrels per day. However, domestic gas production (at well-head) had estimated at 4,197 mmcfd against the target of 4,791 mmcfd.A total of only 50 wells in which 20 exploratory and 30 appraisal and development well were drilled against the target of 100 wells in last financial year 2012-13.It is important to mention here that Pakistan’s primary energy supplies heavily depend upon the imported crude oil and petroleum products due to which the country’s oil import bill had remained about $ 16 billion in financial year 2012-13 which is a huge burden on the economy.
