ISLAMABAD: A leading petroleum watchdog has asked the government to take measures to overcome the energy shortage.
The Petroleum Institute of Pakistan (PIP) has launched the 5th edition of its flagship bi-annual Pakistan Energy Outlook (PEO) document during the Annual Technical Conference being held here.
PIP CEO Asim Murtaza Khan said that the PEO Document attempted to further advance the relevant policy deliberation and to offer its contribution to the energy sector, said a press release issued here.
The set of recommendations identified in this document provides the long term energy solutions for Pakistan for securing higher GDP growth and economic development on sustainable basis.
It highlights core areas of focus for the industry and the Government as well as provides policy guidance and recommendations to increase activity and investment in the sector, with focus on oil and gas exploration and energy efficiency.
Khan further elaborated that the research work behind the document examines the existing infrastructure (oil and gas assets), market conditions, investment climate and competitive landscape of upstream, midstream and downstream sectors.
The Petroleum Institute of Pakistan (PIP) is a professional, non-government body established in 1963 with a vision to establish itself as a credible energy advisory body relied upon by the Government of Pakistan, industry and academic institutions in service of national development objectives.
PIP currently has a membership of 26 major oil & gas companies operating in Pakistan. The Institute is the country representative of important international bodies such as the World Petroleum Council (WPC) and the International Gas Union (IGU).
