ISLAMABAD: Prime Minister Imran Khan has stressed the need for a coherent and comprehensive strategy to address energy challenges being faced by the country.
Chairing a meeting on oil & gas exploration and production on Friday, the prime minister said that implementation of exploration and production management system will enable to the country to benefit from low-cost oil and gas reserves.
“Using this system will also enable us to reduce the burden on the national exchequer and will make it possible to supply oil and gas to the public at lower prices,” he said.
The PM was of the view that technology should be used in all sectors to reduce the additional cost burden on the public and to minimise the drainage of foreign exchange reserves.
The petroleum secretary on the occasion briefed the meeting on exploration and production management system. It was informed that the implementation of this system will help enhance the local production capacity of oil and gas in the country.
“The system will be based on the data of the oil & gas database of the private and government-owned companies and will help in improving the production of the oil & gas in the country.”
The meeting was also attended by Power & Petroleum Minister Omar Ayub, Information Minister Shibli Faraz, SAPM Nadeem Babar and others.