KARACHI: Caretaker Federal Minister Abdu­llah Hussain Haroon on Tuesday issued a statement regarding a news item published in Dawn under the headline “Major oil find near Pak-Iran border” that had quoted the minister as saying that ExxonMobil was “close to hitting huge oil reserves near the Pak-Iran border.”

In his statement clarifying the news report, the minister said that “ExxonMobil has purchased a block of Pakistani deep sea drilling off the Indus Delta for exploration. Their drilling is yet to start as depths are very intense, but they are very hopeful of success in discovering a big cache of oil.”

“While the situation is not only good news and hopefully rewarding to Pakistan, anything further should not be added and may not be construed by my talk at the Federation of Pakistan Chambers of Commerce and Industry,” it added.

Published in Dawn, August 8th, 2018

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Editorial

Ominous demands
Updated 18 May, 2024

Ominous demands

The federal government needs to boost its revenues to reduce future borrowing and pay back its existing debt.
Property leaks
18 May, 2024

Property leaks

THE leaked Dubai property data reported on by media organisations around the world earlier this week seems to have...
Heat warnings
18 May, 2024

Heat warnings

STARTING next week, the country must brace for brutal heatwaves. The NDMA warns of severe conditions with...
Dangerous law
Updated 17 May, 2024

Dangerous law

It must remember that the same law can be weaponised against it one day, just as Peca was when the PTI took power.
Uncalled for pressure
17 May, 2024

Uncalled for pressure

THE recent press conferences by Senators Faisal Vawda and Talal Chaudhry, where they demanded evidence from judges...
KP tussle
17 May, 2024

KP tussle

THE growing war of words between KP Chief Minister Ali Amin Gandapur and Governor Faisal Karim Kundi is affecting...