Government Released Rs287.289 million for 7 Petroleum Projects during last Fiscal Year

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ISLAMABAD, July 08 (APP): The government released funds amounting to Rs287.289 million during the last fiscal year to execute seven petroleum sector projects under the Public Sector Development Programme (PSDP 2019-20) against the total allocation of Rs 304.997 million.

According to official data as of June 30 that showed a slight readjustment in allocation of funds and releases, an amount of Rs10.553 million has been provided to explore and evaluate coal in Nosham and Bahlol areas of Balochistan. Meanwhile Rs 35 million have been released for expansion and up-gradation of Pakistan Petroleum Corehouse (PETCORE) to ensure its sustainable operations and facilitate oil and gas exploration research in the country.

Similarly, a sum of Rs 60.252 million has been provided under a project to up-grade Hydrocarbon Development Institute of Pakistan (HDIP)’s POL testing facilities at Islamabad, Lahore, Multan, Peshawar and Quetta, and ISO Certification of the Petroleum Testing Laboratory at Islamabad.

An amount of Rs 3.655 million has been issued for appraisal of newly discovered coal resources in Badin coalfield and its adjoining areas of southern Sindh.

Rs 3.109 million have been disbursed for exploration and evaluation of metallic minerals in the Uthal and Bela areas of Lasbela district, Balochistan.

Under a project to supply 30 Million Cubic Feet per Day (MMCFD) gas at the doorstep (Zero Point) of Rashakai Special Economic Zone (SEZ) in Khyber Pakhtunkhwa, the government has provided funds amounting to Rs 50 million.

Alike, a sum of Rs124.720 million has been released for transportation of 13.5 MMCFD gas to the Dhabeiji SEZ at Town Border Station (TBS) in Sindh during the year 2019-20.

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