Pakistan's GDP growth rates have seen a steady increase over the past five years. Asphalt, which is used to make roads and roofs flat or impenetrable, is one of the most widely used petroleum products. All kinds of investment banks and financial development institutions and investment funds are responsible for transferring money and capital flows in the country. In principle, the applicant countries for the import and purchase of petroleum products in the Middle East

• Pakistan Petroleum Coke Market
• Pakistan Paraffin Market
• Pakistan Base Oil Market
• Pakistan Bitumen Market
• Pakistan Engine Oil Market

In refineries, different parts of crude oil are separated and other usable products are introduced into production. According to the International Journal of Oil and Gas, there are over 6,000 petroleum products, most of which are used in our daily lives, and perhaps few people know about their relationship to oil. 

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The Achaemenid dynasty used bitumen for sealing and waterproofing the palace with the grandeur of Persepolis. Remains of it can be seen in the historical complex of Persepolis. Ancient Susa artists used a mixture of bitumen and heated it to obtain a composition that was very similar to stone. They used this material to make various objects as well as to make sculptures and fossils. 

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Petroleum coke (Petcoke) is the final carbon-rich solid material obtained from the oil refining process and is a group of fuels known as coke. Petroleum coke is specifically obtained from a final cracking process, which is considered a chemical engineering process, and the hydrocarbons of the oil chains are divided into shorter chains in a section called the coke unit. 

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Pakistan Export LawsThere are no restrictions on exports to Pakistan and only exporters must register with the Pakistan Export Promotion Office and obtain an export registration number.

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Pakistan is blessed with enormous hydrocarbon potentials, most of which are still untapped. Pakistan has large sedimentary area of 827,268 Sq. Ministry of Energy, Petroleum Division keenly desires to attract foreign investment with the objective to accelerate the exploration activities to maximize indigenous production of oil and gas. In order to be compatible in the global market the Government of Pakistan has introduced from time to time vibrant petroleum policies which contain attractive incentives. As a result of investment friendly policies and other fiscal incentives, fairly large number of multinational companies which include ENI, United Energy Pakistan, MOL of Hungary, China ZhenHua, Polish Oil& Gas Company etc. have embarked upon exploration and production activities in Pakistan. Tight Gas (Exploration & Production) Policy, 2011 has also been notified in which 20% premium over Petroleum Policy, 2012 price has been provided for investors. The Petroleum Division is also in process of formulating Shale Gas Policy, which will also attract many multinational companies to come to Pakistan for undertaking exploration to discover Shale Gas and Shale Oil in the country . OGDCL and PPL are the two public sector companies engaged in the exploration of oil and gas in Pakistan. OGDCL and PPL are willing to enter into joint venture projects with foreign E&P companies in exploration of hydrocarbons in Pakistan. Foreign E&P companies are encouraged to come to Pakistan and start exploration activities either independently or in joint venture with OGDCL and PPL. The interested companies may obtain further information in this regard from Ministry of Energy (Petroleum Division) Web site www. Copyright ©2021, Ministry of Energy (Petroleum Division) All Rights Reserved.
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The search for oil in Pakistan started in 1868 when the first test hole was at Kundal near Mianwali, and to the present day. In large areas are covered by rocks which have members. Parts of Pakistan adjacent to the oil and gas producing fields of Iran have a similar geologic history. At the time of independence (1947), inherited four producing Khaur, Dhullian, Joya Mair, and This is the oldest field in Pakistan, discovered by the Attock Oil Company in 1915. Natural gas is the cheapest and most efficient source of energy in Pakistan. The natural gas of Pakistan has a high methane content, usually 70-90 percent. Natural gas is playing a vital role in the economic development of Pakistan by providing a cheap fuel for industry.
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Islamabad: Pakistan has discovered new deposits of oil and gas in the Kohat district of province. was reported by state-owned firm, Pakistan Oilfields Ltd. 12 mmscf (million standard cubic feet) of gas per day, and 48 barrels of water per day,” POL announced in a notification on Pakistan Stock Exchange (PSX). POL holds 21 per in the Tal Block while Pakistan Petroleum Ltd. MOL Pakistan, a fully owned subsidiary of Hungarian multinational oil and gas exploration firm MOL Group and which has about 8. 4 per cent in the Tal Block also shared the news of “significant” gas and condensate reserves in Pakistan. “I am delighted to announce that we have made another discovery in Pakistan,” MOL Group’s exploration and production Executive said. Pakistan relies on imports for about 80 per cent of its energy requirements, spending nearly $13 billion a year on crude oil and gas.
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