Rs1,949.72 Mln Released For 13 Petroleum Sector Projects In 2021-22
Umer Jamshaid Published July 03, 2022 | 03:00 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 3rd Jul, 2022 ) :The government has released funds amounting to Rs1,949.72 million to execute seven ongoing and six new petroleum-related projects during the last fiscal year under the Public Sector Development Programme (PSDP 2021-22) against a total allocation of Rs3,249.54 million.
Out of the total disbursement of Rs1,949.72 million, around Rs586.54 million have been spent on petroleum projects to accelerate oil and gas exploration activities and achieve self-sufficiency in the energy sector, according to official data available with APP.
As per the PSDP document, funds amounting to Rs1,473.683 million had been earmarked for seven ongoing schemes, out of which Rs 263 million were meant for the establishment of the National Minerals Data Centre (NMDC), Rs345.321 for the Expansion and Up-gradation of Pakistan Petroleum Core House (PETCORE), Rs30 million for Geological Mapping on 50 Toposheets, out of 354 unmapped Toposheets of Outcrop Area of Balochistan Province, Rs385.336 million for strengthening and up-gradation of Karachi Laboratories Complex (KLC) at HDIP Operations Office, Karachi, Rs 76.580 million for the supply of 13.5 MMCFD gas at Doorstep (Zero Point) of Dhabeji Special Economic Zone (SEZ) Sindh, Rs 230 million for the supply of 30 MMCFD gas at Doorstep (Zero Point) of Rashakai Special Economic Zone (SEZ) and Rs143.
446 million for up-gradation of POL testing facilities of HDIP at Islamabad, Lahore, Multan, Peshawar, Quetta and ISO Certification of Petroleum Testing Laboratory at Islamabad.
Similarly, for six new schemes, the government had earmarked Rs1,775.857 in the PSDP, out of which Rs40 million were kept for the development of Strategic Underground Gas Storages (SUGS) � hiring of consultancy services for Bankable feasibility study and transaction advisory services (PC-II), Rs30 million for Legal Consultancy Services for drafting of Model Mineral Agreement and updating of Regulatory Framework (Federal and Provincial Minerals/Coal Departments) prepared by Mineral Wing, Petroleum Division, Rs40 million for Pakistan National Research Programme on Geological Hazards (Earthquakes and Landslides) - Data Acquisition along Active Faults and Identification of Potential Landslides Hotspot Zones, Rs73.447 million for the supply of 10 MMCFD RLNG to Bostan Special Economic Zone, Rs149.410 million for the supply of 13 MMCFD RLNG to Bin Qasim Industrial Park and Rs785 million for the supply of 40 MMCFD gas/RLNG to Allama Iqbal Industrial City Special Economic Zone (SEZ).
Related Topics
Recent Stories
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
Osaka seals first win on clay since 2022 in Madrid
Earthquake jolts Karachi
Sindh minister orders operation after attack on police in Ghotki
TikTok to fight US ban law in courts
More Stories From Business
-
Mired in crisis, Boeing reports another loss
7 hours ago -
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
8 hours ago -
British-Pakistani firm unveils $35 million luxury apartments for overseas Pakistanis in Islamabad
8 hours ago -
European stocks lose momentum after global rally
8 hours ago -
New pulses varieties imperative to cater domestic food requirements: Dr Khalid Hasan
9 hours ago -
CEO KP-EZDMC meets CRBC officials
9 hours ago
-
Pakistan among nine poor countries that produces 90 percent cigarettes for world
10 hours ago -
Chief Minister Gilgit Baltistan Haji Gulbar Khan calls on Minister for Privatisation
10 hours ago -
Germany nudges up growth forecast, ailing economy at 'turning point'
10 hours ago -
Revised UAF budget recommended
10 hours ago -
IDEA, TEVTA organizes Job Fair for youth
10 hours ago -
Massive financial, administrative scam unearthed at SCCI
11 hours ago