Lack of Interest in Offshore Oil and Gas Drilling by Foreign Firms.

Předmět:
Zdroj: Energy Update; 7/31/2024, p1-95, 95p
Abstrakt: The National Assembly's Standing Committee on Energy has been informed about the declining interest of foreign companies in offshore oil and gas exploration in Pakistan. This is primarily due to challenges in ease of doing business and security concerns. However, discussions are ongoing with two Chinese companies for potential investment. Pakistan has witnessed numerous oil and gas discoveries, but there is an urgent need to ramp up local exploration efforts due to depleting supplies. The country consumes a significant amount of gas daily and faces a substantial circular debt in the sector. [Extracted from the article]
Databáze: Complementary Index