ISLAMABAD: Prime Minister Nawaz Sharif inaugurated Mehar Gas Processing Plant with a capacity of producing 30 million cubic feet gas per day (mmcfd) and 3,300 condensate barrels per day.
The Mehar Gas and condensate processing facilities are located in very west of the Sindh province.
Nawaz admired the team of OMV and its joint venture partners Government Holding Private Limited (GHPL), Ocean Pakistan Limited (OPL) and Zaver Petroleum for their commitment, resolve and hard work in achieving successful completion and commissioning of Mehar Gas Plant.
It is encouraging to know OMV has been immensely contributing to the oil and gas sector of Pakistan, since commencement of its operations in 1990, Nawaz added.
“I also appreciate OMV has also undertaken a number of initiatives focusing on community education and health through several community development schemes for the population in and around the areas of its concessions. These community development schemes provide quality education and health facilities to the population of Mehar area and provide employment opportunities for the local youth, he said.
Prime Minister assured the government was committed to provide secure and peaceful working environment for unhindered oil and gas exploration activities in the country.
Supply of indigenous gas is the major component of our total energy mix and mainstay of our economy. Indigenous gas saves Pakistan billions of dollars in foreign exchange, as it constitutes about 50 percent of our energy mix. I am pleased to know Pakistan was going to achieve production of over 100,000 barrels of oil per day by the end of this year. He said.
“We invite OMV and other international companies to come forward and take advantage of our business friendly policies.” PM said.
Earlier PM was briefed on the commissioning of 2nd phase of Mehar Gas Plant facilities, production of gas will rise to 80 mmcfd and condensate production will be enhanced to 8,800 barrels per day. Liquefied Petroleum Gas production will be up to 170 tonnes per day. Both phases of Mehar Gas field has cost around $440 million.
Khawaja Muhammad Asif Minister for Defence, Shahid Khaqan Abbasi Minister for Petroleum, Jaap Hujskes Board member of OMV, Erwin Kroell, senior vice president Middle East and Caspian region and Axel Welch Austrian Ambassador were also present during the inauguration ceremony.
ISLAMABAD – Minister for Finance Ishaq Dar says that Pakistan has successfully re-entered the ...