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Unformatted text preview: BPD in 1990-91. Since then production has
been continually declining. The remaining oil reserves are estimated at 221 million barrels
which, on the average production rate of 57,000 barrels per day, will be exhausted in about
10 years. Consequently, it appears that Pakistan will remain a net importer of crude oil and
refined oil products unless a major discovery of crude oil is made. 121 The total primary energy consumption in Pakistan is currently estimated at around 60 million
tons of oil equivalent (MTOE). Of this, two-thirds are met by commercial energy resources
with about one-third being based on non-commercial energy resources like fire-wood,
charcoal and cow-dung. The primary commercial consumption of 41.7 MTOE is largely
based on the use of hydrocarbons.
Primary Energy Supplies by Source
Source of Commercial Energy
Nuclear and other Primary Energy Supplies (%)
0.2 Source: ENERCON
Oil and gas account for more than three-quarters of the commercial energy consumption in
the country. Gas has emerged over the years as the leading domestic source of energy.
Pakistan has appreciable coal reserves of 1.7 billion tonnes of oil equivalent (TOE). Oil is by
and large an imported source of energy. The imports of oil account for 85% of oil
consumption in the country and 42.8% of commercial energy consumption. The production
of indigenous oil is around 15% of total imports of oil products, which is likely to remain the
case. Pakistani oil sector performance, unlike that of the natural gas sector, has not been
satisfactory, both by way of exploration, exploitation and development of oil fields, and by
way of refining of crude oil into various products, with the result that 70% of total demand of
crude oil is being met through imports. It costs about US$ 2.5 billion every year to import
about 18 million tons of oil as both crude and refined products, representing a great burden
on foreign exchange resources. No significant new discovery of crude oil has been reported
in the recent past. Of course efforts are underway both by national and international
exploration and development companies to make new oil discoveries. Transport, power and
industry are the major oil consuming sectors of the economy.
Other Govt. %
2.3 Source: ENERCON
Today, the primary energy supplies are not enough to meet even the present demand. So,
Pakistan, like other developing countries of the region, is facing a serious challenge of
energy deficit. Renewable energy sources can play an important role in meeting this
Oil Resources and Exploration
Pakistan produced 61,769 barrels per day (bbl/d) of oil in 2003 (of which 60,000 bbl/d was
crude oil), and consumed 360,000 bbl/d of petroleum products. Net oil imports were 308,000
bbl/d in 2003. While there is no prospect for Pakistan to reach self sufficiency in oil, the
government has encouraged private (including foreign) firms to develop domestic productio...
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- Spring '10