STATUS OF PETROLEUM SECTOR IN PAKISTAN - A REVIEW
Keywords:
POL Pakistan oil field LTD, BP British Petroleum, BOPD barrels of oil per day, ARL Attock Refinery Limited, PARCO Pak-Arab Refinery Limited, TCF Trillion cubic feet, FO Furnace oil, MS Motor Spirit, JP Jet propellant (jet Fuel)Abstract
Pakistan economy is growing steadily. This growth demands higher energy consumption and consequently putting high pressure on countries economy. This report is based on the research of the Petroleum Sector in Pakistan. The current facts and figures of the market situation show that the country's indigenous resources of oil are not enough to support the economy. Further development of the oil sector in the country is essential to curb the imports of large quantities of oil and oil-related products. The current demand and supply chain in the country needs further optimal management of efficient utilization of oil resources along-with the major oil consumers in Pakistan. In the end, some short step strategy is proposed to the policy makers, so as to minimize the burden of a heavy foreign exchange on the country that is paid against the import bill of the oil.
