New petroleum exploration and production policy to have attractive investment options: Dr. Asim

Islamabad: Federal Minister for Petroleum and Natural Resources Dr. Asim Hussain has said that the government of Pakistan is bringing new petroleum exploration and production policy, in which attractive investment options have been incorporated. He was talking to Mr. Cameron Munter US Ambassador to Pakistan, who called on Dr. Asim Hussain here in Islamabad on Wednesday. Secretary Petroleum and Natural Resources Mr. Muhammad Ejaz Chaudhary also attended the meeting.

Dr. Asim Hussain expressed his confidence that US oil and gas companies would invest in Pakistan under the new policy. The Minister said that misconceptions need to be clarified and communication between the government of Pakistan and United States should be a regular feature.

He said that Pakistan needs to meet its energy demands immediately and for this all options are to be availed. He said that US is a strategic partner in the war against terrorism and also in economic development. Pakistan has always maintained good relations with US in economic, social and technological fields. He emphasized upon Pakistan’s immediate requirement to fulfil energy demands and said that government is working on various solutions to provide relief to indigenous consumers.

The Federal Minister informed that the Ministry of Petroleum and Natural Resources is always open to tangible options and both long term and short term feasible proposals are considered and given due importance.

Secretary Petroleum and Natural Resources Mr. Muhammad Ejaz Chaudhary apprised the US Ambassador regarding on-going projects that are being undertaken by the Ministry to overcome gas shortage. He appreciated the help extended by US Government in the energy sector and emphasized that transfer of technology between the two countries is imperative.

Mr. Cameron Munter US Ambassador to Pakistan thanked the Federal Minister for the meeting and said that United States intends to help Pakistan in resolving energy crisis.

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