Pakistan is celebrating after finding new gas reserves

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Austrian oil and gas company OMV has discovered Gas at the Latif block in Sindh, according to their breaking news on Tuesday.

The Latif South one well had a gas throughput of 2,500 barrels of oil evaluation a day during examining, the organization said in a declaration. “We are happy with this finding achievements,” Johann Pleininger, an OMV panel participant in the cost of finding and manufacturing, said in a declaration. “The evaluation and growth of this finding will possibly allow us to improve the growth in Pakistan.”

OMV Pakistan, a wholly owned additional of OMV Discovery & Manufacturing GmbH, began exploration actions in Sindh in 1991 and is amongst the biggest worldwide natural gas manufacturers in Pakistan with regards to managed amounts performing functions of the Sawan, Miano, Latif, Tajjal, and Mehar gas areas, .

OMV has a 33.4 % share in the Latif exploration license. Its affiliates are Pakistan petroleum Ltd and Italy based energy group Eni, which keep 33.3piece each. OMV also keeps a 10 % share in Pak Arab Refinery Limited, collaboration between Pakistan and Abu Dhabi.

Pakistan has been sufferer to an energy shortage since 2007. Extended gas and energy load shedding are causes of issue among city residents. Asian Development Bank Chief executive Takehiko Nakao has said that infrastructural development and the energy industry are two places where Pakistan is lacking.

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