Karachi, November 26, 2015: The Petroleum Institute of Pakistan (PIP) launched the 5th edition of its flagship bi-annual Pakistan Energy Outlook, PEO document during the Annual Technical Conference.
PIP CEO, Mr. Asim Murtaza Khan said that the PEO Document attempts to further advance the relevant policy deliberation and to offer its contribution to the energy sector. The set of recommendations identified in this document provides the long term energy solutions for Pakistan for securing higher GDP growth and economic development on sustainable basis. It highlights core areas of focus for the industry and the Government as well as provides policy guidance and recommendations to increase activity and investment in the sector, with focus on oil and gas exploration and energy efficiency. Mr. Khan further elaborated that the research work behind the document examines the existing infrastructure, market conditions, investment climate and competitive landscape of upstream, midstream and downstream sectors.
PIP is a professional, non-government body established in 1963 with a vision to establish itself as a credible energy advisory body relied upon by the Government of Pakistan, industry and academic institutions in service of national development objectives. PIP currently has a membership of 26 major oil & gas companies operating in Pakistan. The Institute is the country representative of important international bodies such as the World Petroleum Council (WPC) and the International Gas Union (IGU).
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ABOUT Petroleum Institute of Pakistan (PIP)
The Petroleum Institute of Pakistan (PIP), which represents all segments of the petroleum industry, was established in July 1963 for the purpose of promoting and coordinating the activities of oil and gas sector in Pakistan. Currently the Institute consists of 26 Industrial Collective Members and is administered by a Board of Directors elected from the CEOs of its member companies. Broadly the objective of the Institute is to engage in activities for promoting the long-term development of the oil and gas sector in Pakistan. This includes forecasting the energy demand and supply position of the country over a 15-year period, which the Institute undertakes through its “Pakistan Energy Outlook” document showcasing the energy scene of the country and suggesting solutions for its energy issues. The Institute also organizes the Pakistan Energy Conference as a part of its activities to highlight key energy issues in Pakistan. In addition, the Institute is involved in research & development projects with local and international institutes with prime focus on HSE and HR development. The Institute also has long standing links with major international bodies, including the International Gas Union (IGU) and the World Petroleum Council (WPC) for the benefit of its members.
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Petroleum Institute of Pakistan
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Block V, Clifton, Karachi.
Tel: +92 21 3537 8701-02
Fax: +92 21 3537 8704
Email: [email protected]