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KARACHI : Federal Minister for Petroleum and Natural Resources, Usman Aminuddin said on Sunday that Pakistan's oil import bill will reach dollars 8.26 billion in 2010-11 if internal energy resources are not utilised.
Addressing a two-day conference of International Chamber of Commerce (ICC) here, he said that the country's present oil import bill is around dollars 2.5 billion to 3 billion.
He said the imported oil which is costing $20 per barrel in the year 2000-2001 will cost $50 per barrel after next 10 years.
He said that the country's energy demand growth is an average 5 percent per annum.
The petroleum imports represent 41 percent of …