Pakistan: Oil And Gas Production On The Decline

According to a report by Pakistan’s leading brokerage house, Topline Securities, during FY22, oil production in the country declined by 3%YoY to 26.8 million barrels or 73,400 barrels per day (bpd). Oil production in the country during 4QFY22 was down by 6%YoY as against 17%YoY increase in 4QFY21. 

This was largely due to:...