11 September 2024

Massive oil, gas reserves found in Pakistani waters: senior security official

By Redoy K

Pakistani officials report the discovery of massive oil and gas reserves in the country’s territorial waters. A three-year survey, conducted with international cooperation, identified the deposits. The find is claimed to be potentially the fourth largest in the world, with the potential to transform Pakistan’s economy. However, experts caution that exploration and extraction could take years and require significant investment. The government is studying proposals for bidding and exploration, with hopes to tap into the “blue water economy” for additional resources beyond oil and gas.READ FULL