Wednesday, October 20, 2021
HomeRashakai SEZGovt okays Rs1.625bn to finance 13 petroleum projects

Govt okays Rs1.625bn to finance 13 petroleum projects

The federal government has released Rs1.625 billion for the completion of seven ongoing and six new petroleum-related projects to improve the energy sector, under the Public Sector Development Programme (PSDP).

According to details, Rs1,473.683 million are to be distributed among the seven ongoing schemes, out of which Rs263m were meant for the establishment of National Minerals Data Centre (NMDC), Rs345.321 for Expansion and up-gradation of Pakistan Petroleum Core House (PETCORE), Rs30m for Geological Mapping on 50 Toposheets, out of 354 unmapped Toposheets of Outcrop Area of Balochistan province, Rs385.336m for strengthening and up-gradation of Karachi Laboratories Complex (KLC) at HDIP Operations Office, Karachi, Rs76.580m for the supply of 13.5 MMCFD gas at Doorstep (Zero Point) of Dhabeji Special Economic Zone (SEZ) Sindh, Rs 230m for the supply of 30MMCFD gas at Doorstep (Zero Point) of Rashakai Special Economic Zone (SEZ) and Rs143.446m for up-gradation of POL testing facilities of HDIP at Islamabad, Lahore, Multan, Peshawar, Quetta and ISO Certification of Petroleum Testing Laboratory at Islamabad.

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Similarly, Rs1,775.857m have been allocated to fund the new schemes, out of which Rs40m were kept for development of Strategic Underground Gas Storage (SUGS), Rs30m 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, Rs40m for Pakistan National Research Programme on Geological Hazards (Earthquakes and Landslides) – Data Acquisition along Active Faults and Identification of Potential Landslides Hotspot Zones, Rs73.447m for the supply of 10 MMCFD RLNG to Bostan Special Economic Zone, Rs149.410m for the supply of 13 MMCFD RLNG to Bin Qasim Industrial Park and Rs785m for the supply of 40 MMCFD gas/RLNG to Allama Iqbal Industrial City Special Economic Zone (SEZ), Faisalabad.

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