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Huge oil deposits located near coast.

Huge Oil Deposits Located Near Coast

An estimated four to six million barrels of deposits of oil are located in the 240000 kilometres of Pakistan's sea coast. Disclosing this Dr. Abdul Farah, Director General National Institute of Oceanography (NIO). Karachi told a radio news conference, that in addition to oil, mineral deposits could also be found in the sea coast of the country. However, exploration for oil and mineral deposits in the North Arabian Sea had so far been done by the foreign companies. He said, in order to make our exploration for oil and mineral deposits from the sea a research ship was needed.

He said that a joint research programme of Pakistan and United States costing three million dollars spread over five years had been approved recently under which deep see exploration from 500 metres to 3000 metres would be undertaken to see properties and the behaviour of monsoon with changes in the sea. He also spoke of the Antarctica Scientific Expedition Mission undertaken by Pakistani scientists and said. "we are the first Muslim country to have hoisted our flag in Antarctica. Progress of the expedition since the members of the team reached Antarctica on January 14 has so far been satisfactory".

To a question Dr. Farah said, Pakistan was the first country to carry out research and establish its station at the same time in Antarctica. He said, members of Pakistani expedition comprising scientists from NIO, Geological Survey of Pakistan, Meteorological Department, Hussain Ebrahim Jamal Institute of Karachi University, Pakistan Army and Navy will stay in Antarctica for one month to carry out research work.

The project which costed Rs. 8 crores most of it in foreign exchange enabled the members of the expedition to set up Jinnah Station in Antarctica where an instrument will be installed which by satellite will send figures of various aspects of weather all the year round. The DG NIO also disclosed that Pakistan was the first country to have completed arrangements for sending an expedition and setting up a station in Antarctica. So far a total of 39 countries have set up stations in Antarctica. He hoped Pakistan will be able to share its experience gained from this expedition with other Islamic countries. To a question, he said "we want to continue this expedition in future as well".

He explained that the success of the Antarctica expedition was possible due to the cooperation of the Federal Government, Ministry of Science and Technology, and scientists and experts of Pakistan Army and Navy, besides NIO. He said, members of the expedition will collect samples of ice and stones of rock for scientific studies of air radiation, temperature, etc. According to Dr. Farah, Pakistan has established itself in the international efforts by sending its expedition to Antarctica.

He agreed with a questioner that industrialists had not yet responded positively to invest in the research and development activity for science and technology. To yet another question, he said, pollution has affected marine life of the country. Only with the cooperation of industrialists can pollution be controlled, he added. However, there was now awareness among the industrialists to check pollution. Regarding growth of Madroves along the coast Dr. Farah said that this should be encouraged as it was a source of food for fish.
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Title Annotation:Business Opinion; Pakistan's sea coast
Publication:Economic Review
Date:Jan 1, 1991
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