Report on Oil and Gas Industry in Pakistan

81517 Words327 Pages
Report No. 26072-PK

Pakistan: Oil and Gas Sector Review

July 10, 2003

Oil and Gas Policy Division Oil, Gas, Mining and Chemicals Department Private Sector Development and Infrastructure

Document of the World Bank

Currency Equivalents
Currency Unit = Rupees (Rs) Rs. 1.00 = Paisa 100 US$1.00 = Rs. 58.35 * Rs. 1.0 = US$0.017138 Rs. 1,000,000 = US$17,138 *As of December 31, 2002

Measures And Equivalents
1 Kilometer (km) 1 Cubic Meter (m3) 1 Cubic Meter (m3) 1 Thousand Cubic Feet (MCF) 1 Billion Cubic Feet (bcf) 1 Million Cubic Feet (MMCF) 1 Million Cubic Feet (MMCF) 1 Mega Joule (MJ) 1,000,000 Joules 1 Kilocalorie (kcal) 1 barrel (bbl) 1 Cubic Meter 1 Ton 1 Kilogram (kg) 1 MMT = = = = = = = = = = = = = = = 1,000 meters =
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Patel, SARVP John W. Wall, SACPK Rashad R. Kaldany, COCDR Robert W. Bacon, COCPO Marc L. Heitner, COCPO Waqar Haider, SASEI Esther Petrilli

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Acknowledgements
The report is based largely on the findings of a mission which visited Pakistan during December 2002, during which a workshop was held in Islamabad where the main stakeholders from the public and private sectors were represented. The team is very grateful for the active participation and support of the government, its agencies, and the private sector. The authors of the report are Marc Heitner (Task Manager), Waqar Haider (co-Task Manager), Rashid Aziz (macroeconomic impact), Raul Garcia (gas regulation, Bank consultant), Masami Kojima (environment, household fuels,) and Shane Streifel (petroleum downstream). The peer reviewers are Alan Townsend and Mark Sundberg.

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Table of Contents
Executive Summary.............................................................................................................................................. xi

Main Report:
I. II. III. IV. V. VI. Introduction............................................................................................................................................. 1 The Oil and Gas Sector
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