Rs 288.103 mln released for six petroleum sector projects.

ISLAMABAD -- The government has released funds amounting to Rs 288.103 million during first six months of the of current fiscal year to execute petroleum projects under the Public Sector Development Programme (PSDP 2019-20) against the total allocation of Rs581.812 million.

According to the official data, an amount of Rs 4.220 million has been provided to explore and evaluate coal in Nosham and Bahlol areas of Balochistan, for which Rs10.553 million have been earmarked in the PSDP.

While, Rs 54 million have been released against the allocation of Rs70 million for expansion and up-gradation of Pakistan Petroleum Corehouse (PETCORE) to ensure its sustainable operations and facilitate oil and gas exploration research in the country.

Similarly, a sum of Rs 60.252 million has been provided under a project to up-grade Hydrocarbon Development Institute of Pakistan (HDIP)'s POL testing facilities at Islamabad, Lahore, Multan, Peshawar, Quetta and ISO...