PPI Original Text (PPI-OT) – There is potential for trade of Petroleum Products between India and Pakistan: Dr Asim

Islamabad, May 28, 2012 (PPI-OT): Dr. Asim Hussain Federal Minister for Petroleum and Natural Resources has said that there is potential for trade of Petroleum Products between India and Pakistan, and initiation of talks would prove to be a step in the right direction. He said this while meeting with the Indian delegation which is visiting Pakistan for discussing issues pertaining to trade in Petroleum Products.

The Indian delegation is headed by Mr. P.Kalyanasundaram, Director (International Cooperation and Corporate Affairs), Ministry of Petroleum and Natural Gas, Government of India and comprises of business representatives from leading Indian companies including Petroleum Federation of India (PetroFed), IOCL, BPCL, HPCL, Reliance Industries, Essa Oil Ltd.

The Pakistani delegation is being headed by Mr. Shabbir Ahmed Joint Secretary (International and Joint Ventures) Ministry of Petroleum and Natural Resources, Government of Pakistan, and other members include representatives of Ministry of Commerce, Ministry of Foreign Affairs, Ministry of Finance, OGRA, Federal Board of Revenue, Pakistan State Oil, PARCO and Attock Refinery Ltd.

Dr. Asim Hussian during his interaction with the delegation welcomed the Indian members to Pakistan and said that Pakistan is interested in import of Furnace Oil and Diesel. He also apprised the visiting delegation regarding TAPI pipeline project. Earlier Secretary Petroleum, Mr. Muhammad Ejaz Chaudhry in his opening remarks said that this dialogue will provide opportunity for Indian businessmen to explore potential areas for trade with Pakistan.

The two days dialogue will discuss subjects such as identification of products, specifications, volumes, supply sources and transportation mechanism for trade between the two countries.

For more information, contact:
Dr. Asim Hussain
Minister for Petroleum and Natural Resources
Room No. 301, 3rd Floor, A block Pak Secretariat
Phone: + (92-51) 9210220
Fax: + (92-51) 9206416
E-mail: minister@mpnr.gov.pk

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