ISLAMABAD – Prime Minister Imran Khan Friday called for utilizingtechnology in the oil and gas sector to reduce prices and increase foreignexchange through plugging the wastage by doing away with the traditionalmethods.
Chairing a meeting to discuss the enhancement of exploration, and discoveryof oil and gas in the country, the prime minister said the prevailingenergy challenges necessitated a well-coordinated and comprehensivestrategy.
Federal ministers Omar Ayub Khan and Shibli Faraz, Special Assistant to thePM Nadeem Babar and senior officers attended the meeting.
The prime minister said the enforcement of Exploration and ProductionManagement System would help utilizing oil and gas reserves costing lesserresources.ALSO READ Govt committed to bring ease of doing business: PMlink
The system would also reduce burden on the national kitty, besides helpingto provide oil and gas to the consumers at reduced prices.
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During the meeting, the secretary petroleum briefed the participants aboutthe Exploration and Production Management System, saying it would helpenhance local production capacity of oil and gas.
He said the system would be based on a compiled data obtained from thestate-run as well as private companies and would lead to the provision ofoil and gas supply to the consumers at reduces price.
