How can you manage your company through the recession and position yourself for growth? After interviewing thousands of oil and gas executives, we identified some overarching themes. From demonstrating operational flexibility to managing risks, we reveal the lessons that could mean the difference between surviving and thriving in the new economic environment.
Petroleum Policy of Pakistan
This policy provides package for both the upstream as well as downstream activities.It covers mobilization of greater resources and promotes private sector investment for enhancing domestic oil and gas production. It also facilitates incentives package, procedure, regulatory frame work and transparency are the key features of 1997.
Present Status of Oil Sector
The consumption of petroleum products in the country during 2003-2004 was 14.3 million tones. The drop in consumption compared to previous year is mainly due to lower demand of Furnace Oil because of conversion of thermal power plants on gas and availability of additional Hydel power. The demand is expected to increase around 17 million tones per annum by the year 2010-11. Thereafter, it is expected to further increase to around 19 million tones by the year 2017-18.
Fossil Fuels Overview
Pakistan's Primary energy supplies for the year 2005-06 amount to 57.9 million tons of oil equivalent (TOE). Pakistan's energy demand far exceeds its indigenous supplies. Oil and Gas form the bulk of primary commercial energy supply mix of Pakistan, contributing 79.2 % (Oil : 28.4%, gas : 50.4%, LPG : 0.4%). The other sources include; coal : 7 %, Hydroelectricity : 12.7 % and nuclear electricity : 1%
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