Find Oil and Gas expertise in Pakistan
Pakistan occupies a strategic position as an energy crossroads – it lies between major markets in China and India, and producers in Iran and Turkmenistan. As a result there are many oil and gas pipelines in Pakistan, and two more major projects are planned. These are the Iran-Pakistan (IP) and Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipelines. Consequently, foreign direct investment in this sector is substantial, totalling US$550 million in 2010-11.
Pakistan has reserves of both oil and gas, with crude oil reserves estimated at just over 300 million barrels. In 2011 oil production was running at 65,000 barrels per day and gas production at around 4 billion cubic feet per day . There are 7 refineries operating in the country, with capacity of 13 million tonnes per year. Although Pakistan produces oil, it relies on imports to meet its demand.
The Pakistani oil and gas industry is split between private and state-owned corporations. The four major national oil companies are: the Oil and Gas Development Company (OGDC), Pakistan Petroleum Limited (PPL), Pakistan State Oil Company (PSOC) and Pakistan Oil Limited (POL). International oil companies involved in Pakistan include: BP, ENI, OMV and Orient Petroleum.
OGDC is the major player in the upstream sector along with PPL, which specialises in exploration and production. Of the privately owned companies BP is the largest producer.
|Oil and Gas organisations in Pakistan|
|Lasmo Oil Pakistan Ltd||