Massive deposit of petroleum, natural gas found in Pakistani waters

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The story "Massive deposit of petroleum, natural gas found in Pakistani waters" was covered 6 hours ago by Business Standard, a news publisher based in India.

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Massive deposit of petroleum, natural gas found in Pakistani waters - Business Standard

Quick Summary:

A substantial deposit of petroleum and natural gas has been discovered in Pakistan's territorial waters, a cache so large its exploitation could change the country's destiny, according to a media report.

Terming it an effort to benefit from what he called the blue water economy', the official said that proposals for bidding and exploration were being studied, meaning that the exploration work can be started in the near future.

A three-year survey was undertaken in collaboration with a friendly country to verify the presence of the oil and gas reserves, DawnNewsTV quoted a senior security official as saying on Friday.