SIFC providing support to govt to discover new petroleum reserves

Special Investment Facilitation Council is providing full support to the government to discover new petroleum reserves.In this regard, Oil and Gas Development Company Limited (OGDCL) and China Central Depository and Clearing Company (CCDC) have signed a memorandum of understanding to develop Pakistan's shale and tight gas potential.OGDCL has already invested thirty million dollars to tap the shale gas reserves to meet the country's energy needs.Source: Radio Pakistan