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  • Is Pakistan a good partner for oil & gas exploration?
  • Pakistan has discovered potentially massive oil and gas reserves, but experts caution that exploitation will take years and significant investment. Security concerns and high costs are deterring international oil companies from pursuing exploration in Pakistan, leaving China as the most likely partner for future development.
  • Who is the largest oil refiner in Pakistan?
  • Cnergyico Pk Limited is Pakistan's largest oil refiner with installed processing capacity of 156,000 barrels per day, accounting for around 37% of Pakistan's total oil refining capacity. Natural gas production is at a relatively high level and remaining reserves are estimated to be about 885.3 billion cu m (1 January 2009 est.).
  • Could Pakistan's hydrocarbon discovery be a game-changer?
  • Maybe. Although Pakistan's hydrocarbon resources are yet to be quantified, some estimates suggest that this discovery constitutes the fourth-largest oil and gas reserves in the world. This could be a potential game-changer in the region’s energy flows.
  • Where is the first oil well drilled in Pakistan?
  • It is located in the Khaur, Punjab Province, which is located approximately 135 km southwest of the capital city of Islamabad. In 1964 the first well was drilled and commercial production started in 1967. There are about 60 million barrels of oil in place of which 12%-15% is recoverable.
  • How much energy does Pakistan import?
  • Pakistan covers 29% of gas, 85% of oil, 50% of liquefied petroleum gas (LPG), and 20% of coal requirements through imports, according to the Economic Times. Pakistan's total energy import bill in 2023 clocked in at $17.5 billion, a figure projected to rise to $31 billion in seven years, as per an Express Tribune report.
  • How many oil refineries are there in Pakistan?
  • The crude oil that is produced in Pakistan gets refined at home at five oil refineries which are Cnergyico Pk Limited, Pak-Arab Refinery Company Limited (PARCO), Pakistan Refinery Limited, Attock Refinery Limited, and National Refinery Limited. The combined processing capacity of these five refineries is roughly 420,000 barrels per day.