Islamabad: The Government Holdings (Private) Limited (GHPL) is planning to enhance its shareholding in oil and gas fields with proven reserves, as per a news report. The main objective of this is to ramp up domestic energy supplies to meet the growing needs of the country.
The GHPL is a government-owned enterprise which monitors and manages the government’s working interests in upstream, onshore, and offshore oil and gas fields. The GHPL Managing Director Mobin Saulat said that they have screened 133 fields and found that five to seven have hydrocarbon reserves where shareholding can be easily increased. He also highlighted that the GHPL had been working with foreign operators and the proposed plan would attract even more companies. Saulat added that imported gas Liquefied Natural Gas (LNG) and flows from the TAPI pipeline would offer some respite to the government.
