Security plan being prepared for E&P activities in KP: petroleum minister
The federal government, in coordination with security forces, is working on a comprehensive plan to ensure the security of exploration and production (E&P) activities in Khyber Pakhtunkhwa, Petroleum Division said in a press release on Thursday. The development was discussed during a meeting between Federal Minister for Petroleum Ali Pervaiz Malik and KP Minister for Energy and Power Nazir Ahmed…
Federal Petroleum Minister Ali Pervaiz Malik and Khyber Pakhtunkhwa Energy Minister Nazir Ahmed Abbasi convened in Islamabad to deliberate on security measures safeguarding exploration and production ventures in the province. The joint meeting emphasized the necessity of a secure environment for E&P operations to sustain growth and bolster domestic energy supplies, as highlighted by the federal minister.
Discussions encompassed energy supply volatility and challenges in the oil and gas sector, underscoring the federal government's dedication to stable energy provision. Both ministers acknowledged the imperative of enhanced collaboration among federal, security forces, and provincial entities to ensure a secure setting for E&P activities.
Abbasi expressed optimism regarding KP's potential for heightened exploration due to its well performance exceeding the global average. Malik proposed the establishment of a provincial LPG company to cater to energy demands in remote regions, leveraging the 10% LPG quota designated for such areas under the LPG Policy. Officials from the Petroleum Division provided updates on LPG allocations for hilly and forested regions, vowing to share pertinent details with the KP government.
The meeting reaffirmed the commitment to collaborative efforts, investment growth, and improved energy accessibility in Khyber Pakhtunkhwa, with officials pledging to address energy-related challenges through constructive dialogue.
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