The International Oil & Gas Asia Exhibition to be held at the Karachi Expo Centre, offers the International and Pakistani business community a strategic launch-pad to access the vibrant Pakistani, Afghanistan and Central Asian Republic Markets. The Exhibition would serve as a comprehensive showcase of the latest in technology, equipment and machinery as well as allied services, while providing overseas investors with a definite outlook of the regional oil & gas sector and an opportunity to meet their prospective local counterparts and business partners.
The oil & gas sector has been identified as an engine of growth by the Government and its unprecedented growth is expected to further promote investment activities in the Country.
The Government is providing an investment friendly environment for the oil & gas sector to attract local and foreign investors. As a result of these financial and structural reforms, this sector has already emerged as one of the most attractive sectors for investment in the Country.
Pakistan is rich in natural resources and has the capacity to become self-sufficient in energy having huge sedimentary basins stretching over 825,000 sq. kms., offering immense potential for exploration and development of the local natural resources with an exploration success ratio of 1 : 3.5.
The oil & gas 10-year road map for private investment is aimed at drilling up-to 100 wells a year. The Government of Pakistan has chalked out a comprehensive and more investor friendly Petroleum Exploration & Production Policy offering bright prospects and greater incentives for accelerating exploratory and production efforts. The new policy will also help in reducing import of refined products to 90% of total consumption. Additionally, Pakistan is eyeing at acquiring an additional refining capacity of above 6 million tonnes per year.
The Oil & Gas Asia International Exhibition is being organized at the Karachi Expo Centre, centrally located and easily accessible from all over the City. Karachi is the largest port city and business hub of Pakistan. The Exhibition Complex comprises 4 independent Halls measuring over 9,000 sqm. The Congress Centre houses the press & media center, secretarial services and a cafeteria on its 1st floor, while the 2nd floor is available for seminars, conferences and bilateral meetings. The whole Complex is centrally air-conditioned. There is also Outdoor Exhibit Space (asphalt paved) of over 20,000 sqm for heavy industry products’ display and car parking.
Pakistan is rich in natural resources and has the capacity to become self-sufficient in energy having huge sedimentary basins stretching over 825,000 sq. kms, offering immense potential for exploration and development of the local natural resources with an exploration success ratio of 1 : 3.5.
The Govt. has chalked out a more investor friendly petroleum exploration & production policy offering unprecedented incentives for accelerating exploratory and production efforts.
Pakistan has much potential for Electric Power Generation and greater role is being assigned to natural gas and coal. The Government of Pakistan has started a coal development programme aimed at developing infrastructure in the coal fields to meet a sizable portion of future power demand through coal based power generation.
Enormous investment opportunities for the IPPs exist in the Hydro Power generation plants, in which the potential is estimated at about 40,000 MW, out of which the economic Hydel Power Potential is around 20,000 MW. The existing hydel capacity in operation is 5,010 MW.
Exploration and utilization of alternate sources of energy has also been started in the Country. Pakistan’s geographic location makes it ideal to harness unlimited solar energy. During the last two decades, Pakistan has developed its potential in photovoltaics (PV). This technology is particularly suitable for small power requirements and remote area applications such as remote telecommunication exchange.
The Govt. has formed ALTERNATIVE ENERGY DEVELOPMENT BOARD “AEDB” to explore alternative energy sources to electrify rural areas. Pakistan has 1,046 Km long costal line where speed of wind is quite favorable for producing electricity. Pakistan has a potential of almost 50,000 MW WIND POWER, which could produce cheap electricity and reduce production cost for the cottage industry in the rural areas.