Oil Industry Plans to Invest $5 Billion to Explore Drilling Sites in Pakistan

Oil and gas companies operating in Pakistan plan to invest $5 billion over the next three years to explore drilling sites in the South Asian country, Pakistan’s Prime Minister Shehbaz Sharif said this weekend. Representatives of the firms working in the Pakistani exploration and production (E&P) industry met with government officials and said the companies plan to drill about 240 sites in search of hydrocarbons in the country, which depends on imports to meet most of its energy demand.    Pakistan set up a committee…