Pakistan hunts for oil, gas in Arabian Sea

  • News Digest

Dec 31, 2018-

Pakistan’s Minister for Maritime Affairs Syed Ali Haider Zaidi said that two multinational companies are all set to kick off drilling in Arabian Sea offshore the country’s southern port city of Karachi to explore gas and oil. In a tweet on Saturday, Zaidi said that US multinational oil and gas company ExxonMobil, and Italian energy giant ENI have transported equipment to exploration site docked 230 km off Karachi coast for exploration of oil and gas. “Best of luck to ExxonMobil & ENI when they start drilling. Let us all pray for a global discovery. From the looks of it, big news,” he said. Earlier this year, former caretaker Foreign Minister Abdullah Hussain Haroon said that ExxonMobil has indicated oil reserves in Arabian Sea off Pakistan’s coast could be even bigger than the Kuwaiti reserves.

Published: 31-12-2018 11:41

User's Feedback

Click here for your comments

Comment via Facebook

Don't have facebook account? Use this form to comment