Pakistan (THAR) Oil Reserves

If All The Oil Reserves of Saudia Arab & Iran Put Together These Are Approximately 375 Billion Barrels
- But A Single Thar Coal Reserve Of Sindh is about 850 Trillion Cubic Feet, Which is More Than Oil Reserves Of Saudia & Iran.
- These reserves estimated at 850 trillion cubic feet (TCF) of gas, about 30 times higher than Pakistan 's proven gas reserves of 28 TCF.
- Dr Murtaza Mughal president of Pakistan Economy Watch in a statement said that these reserves of coal worth USD 25 trillion can:
- Not only cater the electricity requirements of the country for next 100 years but also save almost four billion dollars in staggering oil import bill.
- Just 2% usage of Thar Coal Can Produce 20,000 Mega Watts of Electricity for next 40Years ,without any single Second of Load Shedding. and if the whole reserves are utilized, then it could easily be imagined how much energy could be generated. ]
- The coal power generation would cost Pakistan PKR 5.67 per unit while power generated by Independent Power Projects cost PKR 9.27. It Requires Just Initial 420 Billion Rupees Initial Investment, Whereas Pakistan Receives annually 1220 Billion from Tax Only.
- Chinese and other companies had not only carried out surveys and feasibilities of this project but also offered 100 percent investment in last 7 to 8 years but the “Petroleum Gang” always discouraged them in a very systematic way.
- But Petroleum lobby , is very strong in Pakistan and they are against any other means of power generation except for the imported oil. This lobby is major beneficiary of the increasing oil bill that is estimated above 15 billion dollar this year.
- Even GOV. is planning to Sell all these reserve to a company on a very low price.