Pakistan Oil and Gas News Update Jan 2014

• Pakistan has expressed its interest in oil and gas exploration in the seas of Sri Lanka. At present Cairn Lanka, a subsidiary of Cairn India, is engaged in oil exploration work in the Mannar basin at the moment.
• Pakistan Petroleum Expects Record Profit This Year on Gas.
• OMV to boost Pakistan gas production in 2014.
• Annual growth of 12% in sugar sector observed.
• Pakistan Declines in the price of sugar due to increase in cane production.