Massive oil, gas reserves found in Pakistani waters | Oil and gas reserves found in Pakistan: Claim- This will be the fourth largest reserve in the world, it will take ₹ 42 thousand crores to complete the research

Pakistan’s security official said that the discovery of oil and gas reserves is very good for the country’s ‘blue water economy’. (File)

A large reserve of oil and gas has been found in the maritime border of Pakistan, which is facing economic crisis. According to Pakistani media house Dawn, a survey was conducted in the area for 3 years in collaboration with an allied country. After this, the presence of oil and gas reserves has been confirmed.

According to some data, the reserves found in Pakistan will be the fourth largest oil and gas reserves in the world. Currently, Venezuela has the largest oil reserve, which has 34 lakh barrels of oil. America has the purest oil reserves, which have not been used yet.

If Pakistan succeeds in extracting oil and gas then it will have a big impact on its economy.

It will take 4-5 years to extract oil or gas According to the report, it will cost around Rs 42 thousand crore to complete the research related to the reserves. After this, it may take 4-5 years to extract it from the depths of the sea. If the research is successful, then more money will be needed to dig wells and build other infrastructure to extract oil and gas.

Pakistan’s security official said that finding oil and gas reserves is very good for the country’s ‘blue water economy’. Promoting the economy through sea routes, new ports and maritime policies is called blue economy.

There will also be help in mining of minerals Blue economy can not only produce oil or gas but also many important minerals present in the sea can be mined. This can bring a big change in Pakistan’s economy. Dawn quoted a senior security official of Pakistan as saying that after getting the location of oil and gas reserves, more research will be started on it soon.

For this, all the government departments have been informed. Meanwhile, Muhammad Arif, a former member of Pakistan’s Oil and Gas Regulatory Authority (OGRA), said, “Although this oil-gas reserve has been found after 3 years of research, but there is never a 100% guarantee that the reserve can be used.

Pakistan will not have to import LPG and oil Arif said that if we find gas reserves, then we will not have to import LPG in future. On the other hand, if oil reserves are found, then Pakistan’s cost of importing oil will end.

Many important minerals like zircon and rutile are found in Pakistan’s maritime boundary. Apart from this, during earlier research, all the conditions necessary for the presence of oil and gas in Pakistan’s maritime area were met. However, due to technical difficulties, oil or gas reserves could not be found here.