Pakistan might become an oil exporting country in the future, a senior government official told Gulf News.
The unnamed official made these remarks just a day after Prime Minister Imran Khan, in an informal meeting with journalists, hinted that the country might have found huge oil reserves off the coast of Karachi.
The official was quoted as saying that the expected oil reserves are located 230km offshore Karachi close to the Iran border.
“It is too early to determine the size of the reserves, but it is expected to be big enough to cater to Pakistan’s oil needs,” he added.
Meanwhile, Petroleum Minister Ghulam Sarwar Khan said that the drilling companies are close to completing their target and have found the pressure kick, a positive sign .
“We will reveal details next month,” he added.
Earlier on March 21, the prime minister told senior journalists that the nation would get good news within three weeks.
He said the offshore drilling was in final stages and that there could be a significant discovery. “If the reserves are found, Pakistan won’t have to import oil and gas from abroad,” the premier added.