The Senate was informed today that the government is keenly interested to encourage foreign investment in oil and gas exploration.Minister for Petroleum Musadik Malik told the house during Question Hour that four bidding rounds were conducted in the last four years. Thirty-three blocks were awarded to exploration and production companies, wherein, international companies have presence in seven blocks.The Minister for Petroleum said that offshore bidding rounds for twenty-four blocks are being finalized.He said the government is introducing a mechanism under which all fertilizers will get the gas supply on same price rate.The House was adjourned to meet again tomorrow at 4:00 pm.Source: Radio Pakistan
RECENT NEWS
Iran Asserts Preparedness Against US Economic Measures
August 23, 2026
Iran Asserts Preparedness Against US Economic Measures
August 23, 2026
Pakistani Army Chief To Visit Tehran On Monday
August 23, 2026
Pakistani Army Chief To Visit Tehran On Monday
August 23, 2026
ADVERTISEMENT