PAKISTAN STRUGGLES THROUGH ADVERSITY TO DEVELOP ITS OIL AND GAS RESOURCES
June 1st, 2009
BY SAEED AKHTAR BALOCH and KEITH NUTHALL
IT is simple: when a country has political and civil turmoil, fighting a small civil war, hydrocarbon production will suffer. Indeed Pakistan's oil and gas industry is not doing well, with oil and gas production already declining in 2008.
Pakistan's current daily production of crude oil - according to official statistics in the Pakistan Economic Report - was 66,532 barrels during July-March 2008-09, set against 70,166 barrels during the corresponding period in 2007-8, depicting 5.2% negative growth. This is set against a ...
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