Briefing in Presidency on oil, gas situation

President Asif Ali ZardariIslamabad: A briefing meeting was held in the Presidency on Friday to take stock of oil and gas situation in the country.

The meeting presided over by President Asif Ali Zardari was attended among others by Senator Dr. Abdul Hafeez Sheikh, Finance Minister, Syed Naveed Qamar, Minister for Water & Power, Senator Dr. Asim Hussain, Minister for Petroleum & Natural Resources, Mr. M. Salman Faruqui, Secretary General to the President, and other senior officials.

Dr. Asim Hussain while briefing the meeting identified key issues facing oil and gas sector. He also explained the proposed short (2011-2012) as well as medium (2012-2013) and long term measures 2013-2014 for enhancing oil and gas production in the country and the efforts afoot to recover gas from abandoned and depleted wells. He also briefed the meeting on the progress thus far made on President’s earlier directive for reactivation of abandoned gas fields in the country to improve much needed energy supplies.

Syed Naveed Qamar, Minister for Water & Power, gave a briefing on the proposed wind power projects in the country.The President called for early implementation of all projects and plans aimed at meeting the energy requirements of the country and enhancing oil and gas production besides reactivation of abandoned and depleted gas fields. – Onlinenews