During the meeting, both sides agreed that there exists a lot of potential for expanding the existing level of cooperation between the two countries in diversified fields particularly the oil & gas for their mutual advantage.

Jadoon briefed his Kuwaiti counterpart about the steps being taken by the Government of Pakistan for promoting the energy sector on modern line and efforts for exploring the untapped hydrocarbon deposit sedimentary area of 6,27,000 sq. kms.

He explained the salient features of incentives being offered by the government to the prospective investors in the upstream and downstream petroleum sectors. He told that the government was improving these incentives in the new petroleum policy to be announced shortly.

Jadoon also informed that Kuwaiti Minister about the upcoming petroleum projects which include trans-national gas pipeline LNG, gas storages, oil refineries and terminals and invited the Kuwaiti companies to take benefit from these opportunities.

Kuwaiti Energy Minister appreciated the tremendous growth of economic and petroleum sectors of Pakistan during the last few years and broad spectrum of investment opportunities available to the prospective investors in the oil and gas.

He said that Kuwaiti companies would take full advantage of the oil and gas investment opportunities for their mutual benefit.

PIN/PAKTRIBUNE.COM