USD 65.6196

-0.64

EUR 72.8312

-0.67

BRENT 59.09

-0.86

AI-92 42.28

+0.02

AI-95 46.05

+0.01

AI-98 51.75

+0.02

Diesel 45.99

+0.03

12

Pakistani Oil Output Decreased

The total oil and gas production of Pakistan decreased by 4.8 percent

The total oil and gas production of Pakistan decreased by 4.8 percent during the first half of current financial year compared with the corresponding period of last year due to a decline in output by some major fields.

The oil and gas production totaled at 58.5mnboe in July-December period of 2006-07 against 61.3mnboe oil and gas produced in the same period of previous year.

During the period under review, gas production declined by 5.8 percent to 50.52mnboe as compared with 53.34mnboe in the corresponding period of 2005-06, while oil production increased marginally 0.1 percent 7.98mnbbl against 7.97mnbbl of previous year.

The analysts of oil and gas sector attributed the decline in total production to the decline in the output by the Pindori, Pirkoh, Uch and Loti fields.