Pakistan Oil & Gas Q1 2019
Pakistan's heavy reliance on oil and gas imports will be maintained over the coming years, due to insufficient domesticproduction and rising demand. Substantial below-ground reserves and underexplored blocks, including in the offshore anddeepwater, indicate that risks to its upstream fortunes lie to the upside, though continuous efforts will be needed to alleviatesignificant above-ground risks to attract much-needed private, foreign investments. The downstream sector continues to be inneed of upgrades and expansions, with Pakistan's yawning deficit in both refined fuels and gas providing plenty of opportunities forinvestors.
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