That's not all, though. In the final tally, oil production is expected to increase by another 2.4% - and reach an average total of 716,000 barrels per day. Gas production could be increased by another 10% and reach a total of 5.6 billion scf per day.

The latter is dependent, however, on the anticipated increase in both external demand and a higher domestic usage brought about by a revision in international gas prices.

The report said country is also initialising plans to diversify its energy resources - via the fuel diversification policy - through the use of oil, coal, gas, hydro, biomass, biogas, municipal waste and solar energy.