The Special Investment Facilitation Council (SIFC) is providing full support to the government to discover new petroleum reserves.

In this regard, Oil and Gas Development Company Limited (OGDCL) and China Central Depository and Clearing Company (CCDC) have signed a memorandum of understanding (MoU) to develop Pakistan’s shale and tight gas potential.

According to a Radio Pakistan’s report, the OGDCL has already invested thirty million dollars to tap the shale gas reserves to meet the country’s energy needs.