Huge Oil Reserves Discovery in Pakistan Larger Than Kuwait
Huge oil Reserves on verge of discovery in Pakistan. estimated to be more than a middle eastern country: Report
ISLAMABAD - *A well-known multinational oil and gas firm in the United States ‘Exxon Mobil’ is on the point of exploring huge oil reserves near the Pakistan-Iran border, which could reportedly be bigger than the Kuwaiti reserves.
Caretaker Minister for Maritime and Foreign Affairs Abdullah Hussain Haroon made this revelation while addressing business leaders at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI).
If the oil deposits are discovered as expected, Pakistan will be among top the 10 oil-producing countries ahead of Kuwait in sixth position, reports Arab News.
Kuwait’s oil reserves make up 8.4 percent of the oil reserves in the world. Kuwait claims to hold about 101.50 billion barrels, including half of five billion barrels in the Saudi-Kuwaiti neutral zone which Kuwait shares with Saudi Arabia.
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