shehbaz
Pakistan

Oil, gas reserves discovered in Attock a national asset: Shehbaz

LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif Friday said we are thankful to Allah Almighty that new reserves of oil and gas have been discovered in Punjab after a long period of time.

These national resources, which have been discovered in Attock area of Punjab, are national assets and the property of 21 crore people of the country.

The Khyber-Pakhtunkhwa government got a stay order from the high court when gas was discovered in that province. But we won’t do it because the resource is property of the whole nation, said the chief minister.

He said Pakistan consists of federating units including Punjab, Sindh, KP, Balochistan, and other territories including Azad Kashmir, Gilgit-Baltistan and Federally Administered Tribal Areas (Fata). He said the country would become prosperous only when all the federating units and other territories would be developed.

He expressed these views while addressing the inaugural ceremony of Jhandial-I Project of oil and gas at Attock on Friday. Prime Minister Shahid Khaqan Abbasi was the chief guest at the ceremony.

In his address, the chief minister said the discovery of oil and gas reserves in Attock is a good news and for that, the prime minister, people of Pakistan, especially Punjab, as well as the Attock Oil Company deserve congratulations. It is definitely the result of untiring efforts of engineers, executives, technicians and laborers that new reserves have been discovered in Attock.

The CM said that 2,500-barrel oil would be pumped out from these oil wells daily which will help strengthen the national economy.  It will increase the natural gas reserves as well, he added.

High-quality gas and oil has been found from this well and its pressure is also good, the CM said.

It is our responsibility to bring about a revolution and change lives of the common people through efficient and just utilization of these resources so that Pakistan could emerge as a vibrant economic power on the global map, he added.

He said Pakistan is a strong country as far as its defence is concerned. It is a nuclear power as well, but we also need to be self-reliant economically. It is against the honor of a

nuclear power to hold a begging bowl in its hands. Begging bowl is not our destiny, and it was placed in out hands due to bad policies of the past rulers. If the nation decides with consistency to move further with collective vision and efforts, then no worldly obstacle can hinder our path, and all difficulties will die down automatically.

He said the efforts for overcoming energy crisis, made under the leadership of PML-N Quaid Muhammad Nawaz Sharif, are bearing fruit and energy programs are being furthered successfully under the leadership of Prime Minister Shahid Khaqan Abbasi. He said that the federal and Punjab governments have installed 3600MW gas power plants in the province which are providing electricity to the whole of Pakistan. 1200MW gas power plant has been set up by the Punjab government with its own resources, while 2400MW gas power plants have been set up by the federal government, he added.

The CM said that Rs 112 billion have been saved in these gas-based projects and added that it is not a proverbial love story but a reality. The consumer is getting cheap electricity from these projects which is a big success. The Punjab government has also decided to set up another gas power plant of 1263MW capacity; agreement has been signed and the foundation stone of this project will be laid down at the end of this month. This is the biggest as well as the cheapest project in the history of the country which will provide 800MW electricity in 14 months, while 1263MW electricity will be included in the national grid in 26 months due to this project.

Earlier, Prime Minister Shahid Khaqan Abbasi and Chief Minister Punjab Muhammad Shehbaz Sharif inaugurated the Jhandial-I Project and prayed for its success.