解鎖巴基斯坦能源部門的新投資視野

這一激增是由一系列戰略改革驅動的，包括對石油政策的修正和引入緊密的汽油政策

Pakistan's energy sector, often a tale of missed opportunities and financial distress, is undergoing a dramatic shift with over $5 billion in investment expected from local and international oil and gas exploration and production (E&P) firms.

巴基斯坦的能源部門通常是錯過機會和財務困擾的故事，正在發生巨大的轉變，而本地和國際石油和天然氣勘探和生產（E＆P）公司預期的投資超過50億美元。

This surge in investor confidence, driven by a series of strategic reforms, marks a turning point for a nation battling costly energy imports and persistent economic challenges.

在一系列戰略改革的推動下，投資者信心的激增標誌著一個與代價高昂的能源進口和持續的經濟挑戰作鬥爭的轉折點。

A Policy Overhaul: Unlocking New Investment Horizons

政策大修：解鎖新的投資視野

At the heart of this transformation are the amendments in the Petroleum Policy and the introduction of the Tight Gas Policy, which collectively foster a more lucrative and investor-friendly environment.

這種轉型的核心是石油政策的修正案和引入緊密的天然氣政策，這共同促進了更加有利可圖和投資者友好的環境。

The amendments in the Petroleum Policy offer enhanced incentives, including increased gas prices, optimized revenue-sharing mechanisms, and greater operational flexibility for E&P firms.

石油政策的修正案提供了增強的激勵措施，包括加油價格上漲，優化的收入分享機制以及E＆P公司的運營靈活性更大。

Furthermore, the introduction of the Tight Gas Policy renders investment in unconventional gas resources more attractive, potentially unlocking new frontiers in domestic energy production.

此外，引入緊密的天然氣政策使對非常規的天然氣資源的投資更具吸引力，可能在國內能源生產中釋放新的前沿。

This initiative is fueled by the government's strategic revision of gas prices over the past year, which has significantly boosted the financial positions of major gas companies.

過去一年中，政府對汽油價格的戰略修訂助長了這一舉措，這顯著促進了主要天然氣公司的財務狀況。

The adjustments have notably improved the performance of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), rendering them less reliant on government bailouts.

這些調整顯著改善了SUI Northern Gas Pipelines Limited（SNGPL）和SUI Southern Gas Company（SSGC）的性能，從而減少了對政府救助的依賴。

Moreover, the inclusion of Re-gasified Liquefied Natural Gas (RLNG) diversion in revenue calculations has mitigated tariff disparities between gas and RLNG, fostering financial stability across the sector.

此外，在收入計算中加入了重新加油的液化天然氣（RLNG）轉移，從而減輕了天然氣和RLNG之間的關稅差異，從而促進了整個行業的財務穩定性。

Infrastructure Expansion: The Backbone of Energy Security

基礎設施擴展：能源安全的骨幹

To sustain this investment wave, Pakistan is prioritizing infrastructure expansion. The signing of the Consortium Agreement for the Machike-Thalian-Taru Jabba White Oil Pipeline Project in December 2023 underscores the government's commitment to energy self-sufficiency.

為了維持這一投資浪潮，巴基斯坦正在優先考慮基礎設施擴展。 2023年12月，簽署了Machike-Thalian-Thalian-Taru Jabba White Oil Pipeline項目的財團協議，這強調了政府對能源自給自足的承諾。

Additionally, the development of a 230km gas pipeline and the provision of 20,000 new gas connections by SSGC in 2023 highlight an aggressive push toward strengthening distribution networks and expanding service reach.

此外，SSGC在2023年開發了230公里的天然氣管道，並提供了20,000種新的氣體連接，突顯了朝著加強分銷網絡和擴大服務範圍的積極推動。

Gas allocation reforms are another cornerstone of this strategy. By ensuring that industries receive priority access to newly discovered reserves, the government is safeguarding supply chains while reducing dependency on expensive imported urea.

氣體分配改革是該策略的另一個基石。通過確保行業優先獲得新發現的儲量，政府正在保護供應鏈，同時減少對昂貴進口尿素的依賴。

Moreover, allowing E&P companies to sell up to 35% of their production to third parties has liberalized the market, facilitating cash flows for E&P firms and fostering competition in the energy landscape.

此外，允許E＆P公司最多將其生產的35％出售給第三方，已將市場自由化，促進了E＆P公司的現金流量，並促進了能源環境中的競爭。

Leveraging Global Expertise for Sustainable Growth

利用全球可持續增長專業知識

In a move toward good governance and optimal resource management, Pakistan is engaging renowned consultancy firms for technical assistance.

為了邁向良好的治理和最佳資源管理，巴基斯坦正在吸引著名的諮詢公司尋求技術援助。

DeGolyer and MacNaughton and Wood Mackenzie have been roped in to integrate advanced geological data and prepare offshore bid rounds, aiming to attract maximum participation in oil and gas exploration.

DeGolyer和Macnaughton和Wood Mackenzie已被綁架以整合高級地質數據並準備海上競標回合，旨在吸引最大程度地參與石油和天然氣勘探。

Collaboration with the World Bank has resulted in the establishment of a cash flow monitoring system and a circular debt management dashboard, enabling greater financial transparency and oversight.

與世界銀行的合作導致建立了現金流量監控系統和循環債務管理儀表板，從而實現了更大的財務透明度和監督。

Efforts to align Pakistan's mineral laws with global standards are also progressing, with international consultants engaged in regulatory reforms that are expected to be completed by mid-2025.

將巴基斯坦礦產法與全球標准保持一致的努力也正在進步，國際顧問進行監管改革，預計將在2025年中期完成。

The resolution of the Reko Diq dispute, which had long posed an obstacle to mining sector investments, has opened the door for foreign capital to enter the lucrative minerals sector.

長期以來，REKO DIQ爭端的解決構成了採礦業投資的障礙，為外國資本打開了進入利潤豐厚的礦產領域的大門。

The potential for Saudi investments in mining and other sectors is currently being explored, signaling a broader economic partnership beyond energy.

目前正在探索沙特在採礦和其他部門進行投資的潛力，這表明了能源以外的更廣泛的經濟夥伴關係。

A Future Anchored in Energy Security and Economic Stability

未來以能源安全和經濟穩定為基礎

This shift in investor confidence is reflected in the numbers. From 2024 to 2025, Pakistan generated Rs54.7 billion in oil royalties, Rs1.46 billion in gas royalties, and Rs2.07 billion in production bonuses.

投資者信心的這種轉變反映在數字上。從2024年到2025年，巴基斯坦的石油特許權使用費，14.6億盧比的汽油特許權使用費和2007億盧比的生產獎金。

These revenues, coupled with robust policy reforms and infrastructure investments, are rendering Pakistan an increasingly competitive player in the global energy market.

這些收入，加上強大的政策改革和基礎設施投資，使巴基斯坦成為全球能源市場上日益激烈的參與者。

As the country continues to diversify its energy mix with alternative sources like coal gasification and mineral exploration, it is also taking steps to mitigate environmental risks.

隨著該國繼續通過煤氣化和礦產勘探等替代來源將其能源混合物多樣化，它也正在採取措施減輕環境風險。

Stricter regulations on hazardous petroleum product imports and a focus on safety and compliance highlight a broader economic strategy that extends beyond immediate investment gains.

關於危險石油產品進口的更嚴格的法規以及對安全性和合規性的關注強調了更廣泛的經濟戰略，該戰略超出了立即投資的增長。

With strategic reforms, renewed investor confidence, and a vision for sustainable growth, Pakistan's petroleum sector is emerging as a beacon of hope in a region grappling with economic and geopolitical challenges.

通過戰略改革，重新獲得了投資者的信心以及對可持續增長的願景，巴基斯坦的石油部門正在成為應對經濟和地緣政治挑戰的地區的希望的燈塔。

The government's determination to ensure long-term energy security, financial stability, and economic resilience is evident in the sweeping changes and targeted investments that are set to transform the nation's economic landscape.

政府確保長期能源安全，財務穩定和經濟韌性的決心在徹底的變化和有針對性的投資中很明顯，這些投資將改變國家的經濟格局。