STATUS OF PETROLEUM SECTOR IN PAKISTAN - A REVIEW

Adeel Ahmad, Mithilesh Kumar Jha

Аннотация


Pakistan economy is growing steadily. This growth demands higher energy consumption and consequently putting high pressure on countries economy. Pakistan mainly depends upon oil and gas resources to fulfil energy requirements .Indigenous resources of Oil are not enough to quench energy thirst of the growing economy. As a result Pakistan has to import large quantity of oil and oil based products from Middle East countries. Gas reserves in the country are enough for current gas requirements. So natural gas is playing a key role in power sector. Currently in oil upstream and down stream sector there are some local and international companies involved and government of Pakistan is establishing such policies that it can attract more international investors in this sector but the rapid pace of change, high degree of uncertainty and unstable political situation of the country present significant challenges and risk to foreign investment .Objective of this paper to highlight the present status of petroleum industry in Pakistan and its future prospects keeping in view the internal fluid situation and geo political condition of the region.

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Литература


>1. Energy Information Administration, (2005-06) Energy Information Administration. Pakistan country brief analysis. http://www.eia.doe.gov/cabs/Pakistan/Background.html

2. Ministry of Petroleum and natural resources Pakistan, http://www.mpnr.gov.pk

3. The Oil Companies Advisory Committee (OCAC), http://www.ocac.org.pk

4. World Bank Group (July 2003), Pakistan: Oil and Gas Sector Review, Report No.26072-PK (Washington, D.C.: World Bank Press, 2003).

5. Woodrow Wilson International Centre for scholars (March 2007), Asia programme, FUELING THE FUTURE “Meeting Pakistan’s Energy need in 21st century”.

6. The World Trade Review (September 2006) “Investment measures”, Issue No.18, Vol No.6, pp. 16-30.

7. Trend capital News Agency Abu Dhabi plans $5b refinery in Pakistan Nov 2007.


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