Executive Director, Oil and Gas Development Corporation Limited (OGDCL), Aftab Ahmad on Friday said that government was providing best facilities and incentives to companies for exploring oil and gas in the country.
Talking to PTV, he said it always had been the concern of the government to make efforts regarding oil and gas in the country and to involve private and multinational companies in this regard.
He said, Pakistan was one of the countries where the efforts for exploring gas started a long time ago and success ratio of Pakistan was very good. The government policies had always been positive and balanced in this regard, he added.
He said, every upcoming policy in this regard was better than last policy, as the government knows that international situation was changing day by day regarding oil and gas and it wanted to stand with the world.
Present reservoirs of oil were 291 million barrels, he added. He said, consumers in Pakistan couldn't pay the international price so the government has to ensure that there was a balance between consumer and producer's price. He said, according to geologists, there were many opportunities of exploring gas in the country and government was working on it actively.