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Legal Matters

Pak energy ministry rejects claims of discovering oil reserves

Islamabad, Pakistan's Energy ministry has rejected caretaker foreign minister's claim of discovering huge oil reserves reportedly bigger than Kuwait's in Pakistan near the Iran border by US energy giant Exxon Mobil, local media reported quoting sources.

Senior officials at the Energy Ministry on condition of anonymity told media that the energy ministry has negated the tall claim made by the caretaker Minister for Maritime Affairs and Foreign Affairs, Abdullah Hussain Haroon that the US energy giant is 'close to discovering' oil reserves bigger than Kuwait in Pakistan.

They said neither a license for oil and gas exploration was awarded to Exxon Mobil nor the American multinational oil and gas company is currently engaged in the drilling of an exploratory well. Drilling work on the first-ever offshore block located near to Karachi is scheduled to start in January 2019.

The sources also said that the caretaker foreign minister has given an irresponsible statement on a sensitive matter which needs inquiry as it has added problems for the ministry, intelligence forces and concerned departments.

Foreign minister's statement contained exaggerated figures and it has made a seism movement in the petroleum sector, sources added.

Addressing business leaders at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Haroon had said that Exxon Mobil is close to discovering huge oil reserves in Pakistan near the border with Iran, and those reserves could even be larger than the oil reserves of Kuwait.

Source: Islamic Republic News Agency - IRNA

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