During the last fiscal year, the government released funds totaling Rs1,949.72m to carry out seven ongoing and six new petroleum-related projects under the Public Sector Development Programme (PSDP 2021-22) against a total allocation of Rs3,249.54m.
Around Rs586.54m of the total disbursement of Rs1,949.72m has been spent on petroleum projects to accelerate oil and gas exploration activities and achieve energy self-sufficiency and upgrade 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, Rs230m for the supply of 30 MMCFD gas at Doorstep (Zero Point) of Rashakai Special Economic Zone (SEZ), and Rs143.446m for the upgrade of POL testing facilities of HDIP at Islamabad.
Similarly, the government had allocated Rs1,775.857 in the PSDP for six new schemes, with Rs40 million set aside 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 Landslide 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 RLNG to Bin Qasim Industrial Park.
