Pakistani Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon said that new petroleum policies envisage more incentives for the investors in the exploration and production activities for attract huge investment in the oil and gas sector ready by the end of next month. He stated this while talking to the Senior Voice President of Premier Oil Company of London John Orange who called on him to discuss investment potential in the oil and gas.
The minister said that there existed a lot of potential for the prospective investors in the upcoming oil and gas projects exportation and privatization activities and asked the Premier Oil to further invest for promoting the level of bilateral cooperation. John Orange said that premier oil was looking forward to participate in the upcoming oil and gas exploration and privatization activities for the natural benefit. Meanwhile, Amanullah Khan Jadoon, talking to Chairman of Czech Republic Moravske Naliov Doly (MND) exploration and production company Karel Komarek said that Pakistan has a vast onshore and offshore area of which 25 percent was under exploration.
On the occasion, Karel Komarek expressed his company's keenness to invest in the construction of gas storage, joint venture exploration and privatization activities. Minister of State for Petroleum Mir Muhammad Naseer Mengal, Additional Secretary Shaukat Hayat Durrani, General Manager MND in Pakistan Alamgir Khan and senior officers of the Ministry were present during the meeting.
Source: Pak Tribune
Recommended Reading
CAPP Forecasts $40.6B in Canadian Upstream Capex in 2024
2024-02-27 - The number is slightly over the estimated 2023 capex spend; CAPP cites uncertain emissions policy as a factor in investment decisions.
Keeping it Tight: Diversified Energy Clamps Down on Methane Emissions
2024-04-24 - Diversified Energy wants to educate on emission reduction successes while debunking junk science.
MethaneSAT: EDF’s Eye in the Sky Targets E&P Emissions
2024-03-07 - The Environmental Defense Fund and Harvard University recently launched MethaneSAT, a satellite tracking methane emissions. The project’s primary target: oil and gas operators.
Qnergy Tackles Methane Venting Emissions
2024-03-13 - Pneumatic controllers, powered by natural gas, account for a large part of the oil and gas industry’s methane emissions. Compressed air can change that, experts say.
SEC Adopts Climate Disclosure Rules in 3-2 Vote
2024-03-06 - The regulation requires companies to disclose Scope 1 and 2 emissions, weather-related risks and other climate-related data that could have a material business impact.