SIFC Promotes Growth in the Oil Sector by Selected Four Companies for Strategic Initiatives

Pakistan’s oil and gas industry is expanding thanks in part to the Special Investment Facilitation Council. The purpose of this program is to strengthen economic connections and draw in foreign direct investment.

The Pakistan Sovereign Wealth Fund has chosen four significant enterprises for asset management and strategic initiatives: OGDCL, Pakistan Petroleum Limited, Pakistan State Oil, and Pakistan Refinery Limited.
By the close of the fiscal year 2024, these enterprises will have contributed to a 26% increase in crude oil reserves and a 2% increase in gas reserves.

There are substantial new gas reserves that have been found in Sindh’s Sanghar District. OGDCL is a 76% stakeholder in orient Petroleum and a partner in Government Holdings PVT LTD.