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Oil and Gas Reserves Witness Major Increase for the First Time Since 2020

Oil and Gas Reserves Witness Major Increase for the First Time Since 2020

Pakistan has recorded a significant rise in its oil and gas reserves, the first such increase since 2020, signaling a major advancement in the nation’s energy landscape.

This development has been largely driven by the efforts of the Special Investment Facilitation Council (SIFC), which has played a vital role in enabling energy projects and encouraging domestic investment and exploration activities across the country.

Read more: New Oil and Gas Reserves Found in North Waziristan

According to a recent report, the country’s oil reserves have grown from 193 million barrels to 238 million barrels—a major milestone in reducing energy shortages and lowering dependence on imported fuel.

Authorities continue to focus on enhancing local energy resources, with the SIFC’s strategic support and coordination being instrumental in achieving this progress and promoting long-term energy security.

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