'Government offering package to investors'

ISLAMABAD (February 26 2005): Petroleum and Natural Resources Minister Amanullah Khan Jadoon has said that the government is offering an attractive package to the investors for onshore and offshore oil, gas exploration and production activities. He stated this during his meeting with four-member delegation of Italian ENI Petroleum company headed by its Senior Vice President Ennio Squazerla, which called him here on Friday. Minister of State for Petroleum and Natural Resources Mir Mohammad Naseer Mengal, Petroleum Secretary Ahmad Waqar and senior officials of the ministry were also present during the meeting.

The ENI Senior Vice President briefed the minister about his company's involvement in Pakistan's oil and gas activities with particular reference to the agreement signed by the ENI joint venture for offshore exploration in South West of Karachi with an investment of about $16 million.

He appreciated the government's encouraging policies to the foreign investors in the upstream and downstream petroleum activities.


Copyright Business Recorder, 2005