Sat Sep 07 10:26:21 UTC 2024: 1. Pakistan has discovered a large reservoir of petroleum and natural gas in its maritime boundary which could potentially change the country’s fortunes.
2. Senior security official revealed that Pakistan had been conducting surveys with the help of a friendly country for the past three years to determine the presence of oil and gas in the area.
3. Pakistan has been focusing on its “Blue Water Economy” strategy and exploring ways to benefit from the discovery of the oil and gas reserves.
4. Estimates suggest that Pakistan’s oil and gas reservoir is the fourth largest in the world.
5. However, extracting the oil and gas may not be an easy task and would require significant investments and several years of work.
6. While Pakistan is hopeful about the potential benefits, experts caution that not all the oil may be extractable and it would require a major investment to extract the resources.
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First Piper 