President Islamabad Women’s Chamber of Commerce and Industry (IWCCI), Farida Rashid has proposed steps to hasten extraction of natural resources from Zin gas field, which is awaiting exploitation for the last 16 years.
Addressing the business community here on Tuesday, she said that OGDCL, the largest exploration and production company of the country, could ensure smooth operations at Zin entering into joint venture agreements with other companies in national interest.
Farida Rashid noted that the top brass of the OGDCL, the licensee company, could join hands with Pakistan Petroleum Limited (PPL) and some foreign investors to relieve the country of energy crisis.
PPL is currently operating six producing fields including Sui which is Pakistan’s largest and oldest gas field, Adhi, Kandhkot, Chachar, Mazarani and Hala and holds working interest in thirteen partner-operated producing fields, including Qadirpur, the country’s second largest, she informed.
According to estimates, domestic gas production is expected to fall from the current 4 billion cubic feet per day to 2 billion cfd by 2020 while demand is expected to soar to 8 billion cfd by that time creating a shortfall of 6 billion cfd, she informed.
Pakistan will face a shortfall of 2 billion cfd per day by 2010 if all the projects including pipelines from Iran and Turkmenistan and gas import terminals are completed on time. Therefore, authorities should try to exploit a field, which according to petroleum geologists has double gas than Sui, demanded Farida Rashid.
such proposal will deprive the rulers / govt from kickbacks…..samajnei ki kooshish karo bhai…..same case like Thar coal…all those hula bo…what happened ? 4.5 years on..has anything happened ? yet.
IWCCI President's proposal must be heeded by the concerned quarters in the largest national interest. Preference should always be given to the exploitation of indigenous national resources, may it be oil, gas, coal or other valuable minerals instead of depending on imports.For this purpose investment friendly policies and environment be created to attract foreign companies to come forward in a bigger way.
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