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Asif for expeditious oil, gas exploration to meet energy demand
By Asad Cheema
ISLAMABAD—Minister for Petroleum and Natural Resources, Khawaja Muhammad
Asif has directed the Ministry to expedite the Oil and Gas exploration
in the country to meet the challenges of soaring international oil
prices and reduction of oil import bill.
The Minister expressed these views while taking a briefing from the
senior official of the Ministry. Secretary Petroleum and Natural
Resources, Farrakh Qayum briefed the Minister about organization,
functions and on-going projects of the Ministry. The Minister was
pleased to know that Pakistan has a high success rate with regard to Oil
and Gas exploration. Khawaja Asif also took note of the huge potential
of development of mineral wealth i.e. coal and copper. He took special
interest in all the projects aimed at developing mineral in the Country.
The Minister said the energy is the life line of the economy and stated
that Ministry of Petroleum and Natural Resources would make consorted
efforts for the development of energy resources in the Country. He
welcomed the indication that Indian Petroleum Minister is likely to
visit Pakistan to discuss matters of mutual interest. The meeting was
also attended by Addl. Secretary, Director General (Mineral), Director
General,(Oil), Director General (Gas), Director General (Admin),
Director General (Hydrocarbon Development), Managing Director Inter
State Gas System and other senior officials.
Reliable sources of SNGPL told Online on Friday that limit of units has
been set for consumption of gas for commercial and trade purposes under
which security is received three time more than the billing of gas and
time is given to units for paying the outstanding dues but many units
have to pay outstanding dues which is many time higher than their
security.
According to sources, there are overall 65 units that are commercial
defaulters, which have to pay billion of rupees under the head of the
outstanding dues.
Sources further said that during the crackdown, the officials of SNGPL
Faisalabad has taken the action against United Textile Mill to recover
Rs. 94 million dues and suspended the gas supply.
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