During the meeting, President of Midrock informed the minister that the government of Sindh had allocated 500 acres of land at Port Qasim for the proposed Lube Oil Refinery, Naptha Cracker and petrochemical complex. He said Midrock was also looking to invest in Oil Refinery and LPG terminal projects at Gwadar.

Welcoming the Kuwaiti Midrock delegation, the minister said that there existed a lot of potential for the investors in oil and gas projects and the government would facilitate them in this regard.

He said that the government was exploiting the untapped hydrocarbon deposits and alternate energy resources to sustain the GDP growth rate of above 7 percent per annum of the country, which was paving way to uplift the socio-economic conditions of the masses.

He said that President Musharraf"s visit to Kuwait in December 2005 had opened up new avenues of multi faceted cooperation between the two brotherly Muslim countries. The minister said that the government would welcome the Midrock investment in the petroleum projects and assured his cooperation in this regard.

Ambassador of Kuwait Faisal A Mulafi, Additional Secretary Petroleum Shaukat Hayat Durrani and members of Midrock delegation were also present during the meeting.

PIN/PAKTRIBUNE.COM