Govt carries out bidding of 15 oil, gas blocks, investment to be $71 million: Omar

News Desk

The Federal Minister for Energy, Omar Ayub Khan has said the incumbent government is pursuing robust policies to revamp the petroleum and power sectors of the country.

According to media reports, Omar Ayub Khan has made these remarks while talking to the Ambassador of Czech Republic Tomas Smetanka who called on him in Islamabad on Wednesday.

The Energy Minister further stated that the government is committed to diversify the outlook of energy market while making it more competitive and efficient.

He also reffered to the exploration and production activities and said recently the government has carried out the bidding of fifteen oil and gas blocks and minimum investment in these blocks will be over seventy one million dollars in three years.

Omar Ayub Khan has said that the government will be offering more new oil and gas blocks by the end of this year. He said the government is focusing on exploiting indigenous resources for electricity generation.

During the meeting, the Czech Republic envoy Tomas Smetanka explored the areas of mutual discussion in energy sector including investment in oil sector and business in LNG supply chain for group of Czech companies visiting Pakistan by the end of next month.