• Short Summary

    Pakistan's new oil find -- which could make the nation almost self-sufficient in three years time -- was announced in Parliament by Prime Minister Zulfikar Ali Bhutto on Tuesday (21 December).

  • Description

    Pakistan's new oil find -- which could make the nation almost self-sufficient in three years time -- was announced in Parliament by Prime Minister Zulfikar Ali Bhutto on Tuesday (21 December).

    SYNOPSIS: Pakistan spends about one million US dollars a day on its petroleum imports. The new field, the Prime Minister told Parliament, contains an estimated 200 million barrels. This would help Pakistan achieve near self-sufficiency in its oil needs, he said, for at least ten years. The find came at an appropriate time, he told Parliament, with the recent rise in the price of oil from members of OPEC -- the Organisation of Petroleum Exporting Countries. The strike is in Pakistan's Punjab Province, on the northwest frontier.

    Mr. Bhutto showed a bottle of crude oil taken from the find to cheering members of parliament. Later, the Chairman of the taken-run Oil and Gas Corporation told a news conference that the strike--made a week earlier--could produce more than the estimated 200 million barrels. Exploration was still continuing, he said, and more ells were being sunk in the area. The find is in rugged country, but at a shallow depth--making production relatively easy. It also contains valuable large quantities of natural gas. Mr. Bhutto, who shared his enthusiasm with the leader of the Opposition, said the crude oil was of a very high quality -- needing little refining.

  • Tags

  • Data

    Film ID:
    VLVA29DMWALN1SN73MLR6AMK62SMS
    Media URN:
    VLVA29DMWALN1SN73MLR6AMK62SMS
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    23/12/1976
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:31:00
    Time in/Out:
    /
    Canister:
    N/A

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