Karachi: (PR): Pakistan grabbed the limelight at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC), one of the world’s most influential energy sector events, held from 11-14 November 2019 in Abu Dhabi National Exhibition Centre (ADNEC), United Arab Emirates.
Pakistan’s Ministry of Energy (Petroleum Division), Petroleum Institute of Pakistan (PIP) and leading national oil and gas companies featured prominently in this event by setting up a grand Pakistan Pavilion which was spread over 90 square meters showcasing Pakistan and its upstream, midstream and downstream energy sectors in vibrant style. The theme of the Pakistan Pavilion was ‘Pakistan – Emerging Opportunities’. The exquisitely created Pavilion was well-equipped with spacious meeting spaces. The Pavilion provided Pakistan’s oil and gas sectors’ heads and professionals an exceptional opportunity to have B2B meetings with delegates and visitors and explore new business opportunities, encourage foreign direct investment in the country, promote Government’s investor friendly policies and enhance the country’s overall image. Pakistan Pavilion received extensive appreciation by the national and international oil and gas community.
Participating companies from with PIP as a focal point of the industry, under the patronage of Ministry of Energy (Petroleum Division). The Pakistani delegation was headed by Nadeem Babar, Special Assistant to the Prime Minister (SAPM) on Petroleum Division.
Nadeem Babar spoke eloquently at the Ministerial and Policy Session entitled ‘4th Industrial revolution is upon us on; One of its critical assumptions will be access to affordable energy’. The SAPM said that the present government of Pakistan is focused towards overcoming energy crisis in the country through proactive efforts. He said that energy shortage in early 2000 in Pakistan contributed to a loss of 3 to 4 % of Pakistan’s GDP. The SAPM said that the present government has completely changed the paradigm for energy with the result that by 2030, Pakistan will have 64 per cent green energy that basically includes wind, solar, biomass and hydel. ‘If one adds nuclear to it, which is another 10 per cent, the number may go up to 75 per cent.’ Mr. Babar said while adding that the Government is pursuing hydel, solar and wind energy projects.
The Nadeem Babar suggested an industrial policy ‘nexus’ with energy policy to achieve supply-demand balance. “We have seen the economy being choked because of lack of supplies of energy,” he lamented.
Mr. Babar noted five pillars of paradigm shift in energy transformation – availability, affordability, sustainability, responsibility of use and converting brain power into machine power. “In Pakistan, we have launched two streams – one is to have huge increase in footprints of renewable and cleaner energy and at the same time a need to reinvigorate our gas industry,” the SAPM added.
‘In addition to the renewables stream, we are opening up our E&P sector in a major way by demolishing regulations and removing approvals. The SAPM announced that Pakistan Government would be launching 40 exploration blocks in the next 12 months, with the first one to be unveiled by the coming month. (Please send your news, article, pictorial on our email address <email@example.com & WhatsApp +923132434567 PLEASE SEND YOUR COMMENTS Thanks)