The government released Rs287,289 million for petroleum projects in 11 months | Instant News


ISLAMABAD, 21 May (APP): The government has spent Rs287,289 million during the first 11 months of the current fiscal year to implement seven petroleum projects under the Public Sector Development Program (PSDP 2019-20) of the total allocation of Rs 304,997 million.

According to official May 16 data showing a slight readjustment in the allocation and release of funds, a total of Rs10,553 million has been provided to explore and evaluate coal in the Nosham and Bahlol areas in Balochistan.

While Rs 35 million have been released for expansion and upgrading of the Pakistan Petroleum Corehouse (PETCORE) to ensure sustainable operations and facilitate oil and gas exploration research in the country.

Similarly, a total of Rs 60.252 million has been provided under the project for Pakistan’s high-level POLIP testing facility (HDIP) in Islamabad, Lahore, Multan, Peshawar, Quetta and ISO Certification from the Oil Testing Laboratory in Islamabad.

A total of Rs 3,655 has been issued for the assessment of newly discovered coal resources in the Badin Coal field and the surrounding area in southern Sindh.

While Rs 3,109 million has been disbursed for exploration and evaluation of metal minerals in the Uthal and Bela areas in the Lasbela district, Balochistan.

In the two gas supply projects, funds of Rs 50 million have been provided for the supply of 30 Million Cubic Feet per Day (MMCFD) at the front door (Zero Point) of the Rashakai Special Economic Zone (KEK), while Rs 124.720 million for transportation of 13.5 MMCFD gas to the Dhabeiji KEK.



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