Increase in crude oil, gas reserves

At the end of the fiscal year 2024, Pakistan has recorded an increase of 26% in crude oil reserves and 2% in gas reserves.

Through new discoveries in “exploration and production” with the support of SIFC, oil reserves have been made available for use up to 10 years and gas reserves up to 17 years.

Didn’t make any offer to Maulana, took a principled stand, he is sticking to it, Chairman PTI

According to the data released by Pakistan Petroleum Information Service, available oil reserves will be 243 million barrels in June 2024 compared to 193 million barrels in December 2023, while gas reserves will increase from 18.10 trillion cubic feet in December 2023 to 18.47 trillion in June 2024. Cubic fits.

According to energy experts, local crude oil reserves help refineries to meet 70% of demand for diesel and 30% for petrol. Which is a precursor to the development of this sector.