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New petroleum policy in next few months: Omar Ayub

Minister for Petroleum Omary Ayub Khan says new Petroleum coverage might be launched within the subsequent few months and 40 new blocks of oil and fuel are being auctioned on which work will begin by December 2019.

In a press release, the Minister stated Khalifa Level Refinery challenge (JV between PARCO & ADNOC UAE) floor breaking can also be anticipated by finish the top of 2019.

The challenge might be accomplished at a value of  eight Billion {dollars} with an output of 250,000 barrels per day.

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