Petroleum Policy 2012
The Government of Pakistan is cognizant of the dramatic changes that have taken place in the pricing and cost environment of the international oil and gas industry. The drastic increase in the crude oil prices in the international market has changed the complexion of the E&P sectors which requires drastic changes in the approach towards the sector. In addition, the GOP recognizes the operating challenges and considerations for the Pakistan oil exploration and development industry. Today, more than ever before, the GoP stands committed to providing fiscal and regulatory incentives that would enhance and facilitate E&P companies
in accelerating their exploration and development programmes in order to maximize domestic oil and gas production in the coming years.
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