The Special Investment Facilitation Council (SIFC) is fully supporting the government in the search for new petroleum reserves.
As part of this effort, the Oil and Gas Development Company Limited (OGDCL) and the China Central Depository and Clearing Company (CCDC) have signed a memorandum of understanding to explore Pakistan’s potential for shale and tight gas.
OGDCL has already invested $30 million to harness shale gas reserves to help meet the country’s energy requirements.
