Kuwaiti company to invest in Pakistani oil sector

Staff Report

ISLAMABAD: Caretaker minister for petroleum Ahsan Ullah Khan has said that the government is providing a level playing field to investors in oil and gas sector.

Minister stated this during a meeting with the Chief Executive of Bakri Energy Management System of Kuwait Hussain Al-Shama who called on him here on Wednesday and discussed investment potential in the Pakistani oil sector.

During the meeting, minister briefed him about the steps being taken by government to promote the petroleum sector in order to meet the growing energy requirement of the country. The minister said that the government has deregulated the downstream petroleum sector in 2001 that attracted unprecedented investment in the country as well as provided competitive environment.

The Chief Executive of Kuwait Bakri Energy appreciated the growth of petroleum sector in Pakistan during the last few years and investor friendly policies being pursued by government of Pakistan. He said that the Bakri Energy would take full advantage of investment potential in Pakistan’s petroleum sector for mutual benefit.

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