Pledge made to improve oil and gas production capacity

PESHAWAR: Speakers at a seminar said here on Thursday the KP Energy Department was determined to increase the production capacity of oil and gas in the province which would help boost the economy.

They were addressing the one-day seminar arranged by the Energy and Power Department for the improvement of the guidelines of production bonus funds in the oil and gas-producing districts.Special Secretary Energy and Power Tashfeen Haider was the special guest.

Additional Secretary Oil and Gas Akhlaq Ahmed, Deputy Secretaries Asif Ali, Javed Afridi and the representatives of companies working for the production of oil and gas, Mari Petroleum, Al Haj Petroleum Companies, Khyber Pakhtunkhwa Oil and Gas Company and district administration were present there.

Tashfeen Haider said that 42 percent of the country’s crude oil production, about 30,000 barrels of oil per day, was being produced in Khyber Pakhtunkhwa.He said that oil and gas were being produced at 16 places in the southern districts of the province — Kohat, Karak, Hangu and Lakki Marwat — from which the province was getting billions of rupees in the form of royalty and federal excise duty on gas.