Canadian oil company will invest $ 30 million 70 thousand

Petroleum Minister Shahid Khaqan Abbasi

Petroleum Minister Shahid Khaqan Abbasi

Islamabad … News Time

Federal Minister for Petroleum and Natural Resources said Shahid Khaqan Abbasi of the Pakistan Muslim League-year period than the nationwide search for oil and gas wells drilled 120 wells, 30 were successful in the oil and gas has been discovered. Kirk Canadian Oil Company in North Block 70 thousand dollars to invest 30 million. Resources on Monday with the Canadian company Cirque Talas North block alignment were signing ceremony. He added that the government’s efforts to increase domestic oil production of 98 thousand 980 BBL reached. However, oil and gas supply and demand is immortalized. Government to increase oil and gas production, the local and foreign companies has 50 blocks, and 43 licenses.

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