Crude oil output stands at 24.2mbl

ISLAMABAD: Pakistan's domestic crude oil production stood at 24.2 million barrels in the first three quarters of the current fiscal year as compared to 24mbl during the corresponding period of the last year.  "Indigenous resources of oil are not enough to quench energy thirst of a growing economy, so the country imported 5.9 million tonnes of crude oil to meet its domestic needs from July 2016 to March 2017," sources told APP. The government is making all-out efforts to accelerate oil and gas exploration activities in different potential areas of the country, for which it would spend Rs554.291 million in the next fiscal year, the sources added.