Federal government awards exploration licenses for six new hydrocarbon blocks
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Government has executed petroleum concession agreements and exploration licenses for hydrocarbon search in six blocks.
The blocks awarded for exploration include Chah Bali, Mach, Dadhar, Kalat West, Sui North and Meeranpur.
According to details shared by the Ministry of Energy, the minimum investment to be carried out by the companies in these blocks for prospecting will be sixty five million dollars.
The Ministry of Energy further stated in a statement that the efforts in these blocks will bear fruit in the country in the form of additional hydrocarbon reserves during the next few years and will not only enhance investment in the petroleum sector but also contribute in bridging the energy demand and supply gap.
