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Page added on August 31, 2006

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Pakistan’s oil demand to double in 10 years

Pakistan’s diesel demand is forecast to jump 70 per cent in a decade to 15.07 million tons, as the overall fuel consumption almost doubles, forcing the country to boost imports, an oil official said on Wednesday.

Total demand for oil, which accounts for 31 per cent of the country’s energy needs, will grow to 32.51 million tons by 2015 and 66.84 million tons by 2030, from 16.8 million tons last year, said M. Adil Khattak, chief executive of Attock Refinery.

To cope with the demand, Pakistan is seeking investments of up to $16 billion for oil-related infrastructure, including refineries, pipelines and storage facilities, he told an oil conference.

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