Are Pakistan's Oil Reserves Really as ‘Massive’ as Trump Claims?
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Synopsis
US President Donald Trump asserts that Pakistan possesses massive oil reserves, but the reality tells a different story. This article delves into Pakistan's actual oil reserve status, its heavy reliance on imports, and the challenges facing its energy sector.
Key Takeaways
- Pakistan's oil reserves are limited.
- 85% of its oil is imported.
- Current production meets only 15-20% of consumption.
- High fuel prices reflect import dependence.
- Exploration potential exists, but results are uncertain.
New Delhi, July 31 (NationPress) Despite US President Donald Trump's assertion on social media that a deal has been signed to develop and explore “massive oil reserves” in Pakistan, the truth is that the country has very limited oil and gas reserves, relying on imports to meet 85 percent of its energy needs.
As per Worldometer data, Pakistan's proven oil reserves stood at 353.5 million barrels in 2016, ranking it 52nd globally and representing just 0.021 percent of the world's total reserves.
With current consumption rates of about 556,000 barrels per day, these reserves would last less than two years without imports, according to the same data.
Pakistan's daily oil production ranges from 70,000 to 80,000 barrels, satisfying only 15 to 20 percent of its own consumption.
An official from the Indian Oil Corporation (IOC) noted that the current price of petrol in Pakistan is Rs 272.15 per litre, while high-speed diesel costs Rs 284.35 per litre, significantly more than in India. These prices are among the highest globally, highlighting the country's heavy reliance on imports.
In comparison, petrol in India is priced around Rs 94.77 per litre, and diesel at Rs 87.67 per litre (prices vary slightly due to local taxes).
The success rate of oil exploration in Pakistan is low, compounded by political, financial, and security issues that deter investors. Additionally, the country’s refining capacity is both limited and aging, according to the IOC official.
While there is potential for offshore and shale oil exploration, particularly in Balochistan and near Karachi, results thus far have been inconclusive or commercially unviable.
On Truth Social, Trump shared news of a deal with Pakistan aimed at developing its oil reserves: “We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves...We are in the process of choosing the Oil Company that will lead this Partnership. Who knows, maybe they’ll be selling Oil to India some day!”
Point of View
It is crucial to present a balanced view on the claims surrounding Pakistan's oil reserves. While international partnerships may offer potential, we must emphasize that the current realities of limited reserves and dependence on imports should not be overlooked. Our commitment is to provide clear and accurate information to our audience.
NationPress
21/09/2025
Frequently Asked Questions
What are Pakistan's proven oil reserves?
As of 2016, Pakistan had approximately 353.5 million barrels of proven oil reserves.
What percentage of oil does Pakistan import?
Pakistan imports about 85 percent of its oil to meet domestic needs.
How much oil does Pakistan produce daily?
Pakistan's daily oil production is around 70,000 to 80,000 barrels.
What are the current petrol prices in Pakistan?
As of now, petrol costs Rs 272.15 per litre in Pakistan.
Why is oil exploration in Pakistan challenging?
Oil exploration in Pakistan faces challenges due to low success rates and political, financial, and security concerns.
