{"id":50680,"date":"2019-03-12T12:39:13","date_gmt":"2019-03-12T12:39:13","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=50680"},"modified":"2020-01-28T12:18:57","modified_gmt":"2020-01-28T12:18:57","slug":"pm-approves-security-force-for-petroleum-exploration-teams","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pm-approves-security-force-for-petroleum-exploration-teams.html","title":{"rendered":"PM approves security force for petroleum exploration teams"},"content":{"rendered":"<p>Islamabad: Prime Minister (PM) Imran Khan has approved a security force for petroleum exploration, a news source reported. This security force will follow the security arrangement pattern already established for the China-Pakistan Economic Corridor (CPEC) project. It is expected to provide improved incentives for the production of domestic oil and gas resources.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/mari-petroleum-invests-usd-45mn-in-oil-gas-exploration-blocks.html\" target=\"_blank\" rel=\"noopener noreferrer\">Mari Petroleum invests USD 45mn in oil &amp; gas exploration blocks<\/a><\/p>\n<p>PM Khan also approved a proposal for shifting the current exploration &amp; development policy \u2018approval regime\u2019 format to the \u2018information regime\u2019 setting. This is expected to offer more freedom to oil and gas companies to extend operations beyond the discovery phase.<\/p>\n<p>The PM has also agreed to allow entrance of mid-tier exploration and production firms to the exploration industry.<\/p>\n<p>The special security force approved will also offer fool-proof security to the exploration companies \u2013 leading to enhanced ease of doing business for local and foreign investors in the country.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/govt-to-offer-attractive-incentives-to-oil-refineries.html\" target=\"_blank\" rel=\"noopener noreferrer\">Govt to offer attractive incentives to oil refineries<\/a><\/p>\n<p>Previously, PM Khan has asked for a further fine-tuning of the revised policy before its official launch. It currently awaits the approval of the Council of Common Interests. The policy\u2019s launch is expected in the second or third quarter, supported by aggressive marketing tactics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Prime Minister (PM) Imran Khan has approved a security force for petroleum exploration, a news source reported. This security force will follow the security arrangement pattern already established for the China-Pakistan Economic Corridor (CPEC) project. It is expected to provide improved incentives for the production of domestic oil and gas resources. Read:\u00a0Mari Petroleum invests USD 45mn in oil &amp; gas exploration blocks PM Khan also approved a proposal for shifting the current exploration &amp; development policy \u2018approval regime\u2019 format to the \u2018information regime\u2019 setting. This is expected to offer more freedom to oil and gas companies to extend operations beyond the discovery phase. The PM has also agreed to allow entrance of mid-tier exploration and production firms to the exploration industry. The special security force approved will also offer fool-proof security to the exploration companies \u2013 leading to enhanced ease of doing business for local and foreign investors in the country. Read:\u00a0Govt to offer attractive incentives to oil refineries Previously, PM Khan has asked for a further fine-tuning of the revised policy before its official launch. It currently awaits the approval of the Council of Common Interests. The policy\u2019s launch is expected in the second or third quarter, supported&hellip;<\/p>\n","protected":false},"author":68,"featured_media":44055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[11037],"persona":[],"class_list":{"0":"post-50680","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-details-on-pm-approves-security-force-for-petroleum-exploration-teams","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>PM approves security force for petroleum exploration teams - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Prime Minister (PM) Imran Khan has approved a security force for petroleum exploration, a news source reported. 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