Islamabad: During the current fiscal year 2021-22, the Petroleum Division will implement six new projects worth Rs. 1775.857 million to achieve energy self-sufficiency, streamline matters linked to minerals regulatory framework, and compile data.
According to official documents, the government has set aside Rs40 million for a new project under the Public Sector Development Programme (PSDP 2021-22) for the development of Strategic Underground Gas Storage (SUGS), as well as the hiring of consultancy services for a bankable feasibility study and transaction advisory services (PC-II).
A total of Rs. 30 million has been set aside for Legal Consultancy Services for the drafting of a Model Mineral Agreement and updating the Regulatory Framework (Federal and Provincial Minerals/Coal Departments) prepared by Mineral Wing, Rs 230 million for the supply of 30 MMCFD gas at the Rashakai Special Economic Zone (SEZDoorstep)’s (Zero Point), and Rs 143.446 million for upgrading HDIP’s POL testing facilities in Islamabad, Lahore
During the fiscal year 2021-22, the petroleum division would spend Rs3,249.540 million on 13 ongoing and new projects.