ISLAMABAD: Local oil refineries produced 11.7 million ton (mt) petroleum products during the last financial year, official sources in the Ministry of Petroleum and Natural Resources said Friday.
“Pakistan’s crude oil/condensate production stood at 31.65 million barrels, natural gas 1.48 trillion cubic feet and Liquefied Petroleum Gas (LPG) during the last year,” they told APP. The present POL products’ consumption of the country, they informed, was around 24 Million Ton Per Annum (MTPA), while crude/condensate processable by oil refineries was around 3.6 MTPA which was just 15 percent of total country’s need and remaining 85 percent requirements were met through import. Answering a question, they said, Pakistan was making concerted efforts to achieve self-reliance in crude oil production as the government had accelerated exploration of indigenous hydrocarbon resources over the last three years.
“Capacity to produce crude oil and its indigenous refining is increasing gradually. Now, the country has started moving on the path of achieving self reliance in the sector. Pakistan’s total crude oil production is around 85,000 barrels per day,” they said.
Presently, they said, as many as six oil refineries were operating in the country and they had full capacity to refine the product as per needs of the country.
