{"id":46825,"date":"2019-01-04T14:47:07","date_gmt":"2019-01-04T14:47:07","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=46825"},"modified":"2020-01-22T13:02:27","modified_gmt":"2020-01-22T13:02:27","slug":"duties-lifted-from-machinery-used-for-oil-gas-exploration","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/duties-lifted-from-machinery-used-for-oil-gas-exploration.html","title":{"rendered":"Duties lifted from machinery used for oil, gas exploration"},"content":{"rendered":"<p>Islamabad: The government has decided to remove custom duties on imports of heavy machinery, a news source reported on Thursday. This machinery is being used for oil &amp; gas exploration and development within the country. The decision, taken in a Prime Minister (PM) Imran Khan-chaired Federal Cabinet meeting, will help to increase local fuel production.<\/p>\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/thirteen-oil-and-gas-discoveries-since-august.html\" target=\"_blank\" rel=\"noopener noreferrer\">Thirteen oil and gas discoveries since August<\/a><\/p>\n<p>Companies seeking offshore oil &amp; gas exploration and development in Pakistan will no longer have to deal with import duties. An official stated that this will attract multinational companies to Pakistan.<\/p>\n<p>The decision will apply to all companies and joint ventures that are involved in any production-sharing agreement related to offshore petroleum exploration &amp; production. Earlier, certain concessions were made for Italian oil and gas company, Eni, and the US-based ExxonMobil.<\/p>\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/interest-in-oil-gas-exploration-shown-by-us-based-companies.html\" target=\"_blank\" rel=\"noopener noreferrer\">Interest in oil, gas exploration shown by US-based companies<\/a><\/p>\n<p>These companies plan to start offshore drilling this month in an ultra-deep well located on the offshore Indus-G Block (2265-1), also known as Kekra. The machinery required for exploration of gas reservoirs has arrived in Pakistan; awaiting customs clearance. Following the government\u2019s decision, no customs duty will be levied, and machinery is expected to be cleared soon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The government has decided to remove custom duties on imports of heavy machinery, a news source reported on Thursday. This machinery is being used for oil &amp; gas exploration and development within the country. The decision, taken in a Prime Minister (PM) Imran Khan-chaired Federal Cabinet meeting, will help to increase local fuel production. Read: Thirteen oil and gas discoveries since August Companies seeking offshore oil &amp; gas exploration and development in Pakistan will no longer have to deal with import duties. An official stated that this will attract multinational companies to Pakistan. The decision will apply to all companies and joint ventures that are involved in any production-sharing agreement related to offshore petroleum exploration &amp; production. Earlier, certain concessions were made for Italian oil and gas company, Eni, and the US-based ExxonMobil. Read: Interest in oil, gas exploration shown by US-based companies These companies plan to start offshore drilling this month in an ultra-deep well located on the offshore Indus-G Block (2265-1), also known as Kekra. The machinery required for exploration of gas reservoirs has arrived in Pakistan; awaiting customs clearance. Following the government\u2019s decision, no customs duty will be levied, and machinery is expected to be cleared&hellip;<\/p>\n","protected":false},"author":68,"featured_media":44599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[9737],"persona":[],"class_list":{"0":"post-46825","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-details-on-duties-lifted-from-machinery-used-for-oil-and-gas-exploration","9":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Duties lifted from machinery used for oil, gas exploration - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The government has decided to remove custom duties on imports of heavy machinery, a news source reported on Thursday. This machinery is being\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/duties-lifted-from-machinery-used-for-oil-gas-exploration.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Duties lifted from machinery used for oil, gas exploration - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The government has decided to remove custom duties on imports of heavy machinery, a news source reported on Thursday. 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