*ISLAMABAD: A Saudi delegation and Pakistan held talks on Monday to discussthe level of cooperation in the energy sector.*
The two sides contemplated on the investments required for the projectsrelated to the production and distribution of energy. The meeting was heldafter the arrival of Saudi Minister of Energy and Natural Resources AhmedHamid to Pakistan.
The Pakistani side was led by Minister of Energy Omar Ayub Khan andChairman of Board of Investment, whereas the Saudi side was presented byAdviser to Ministry of Energy and ambassador of Saudi Arabia.
The Pakistan’s Minister of Energy warmly welcomed the Saudi officials ontheir visit to Pakistan.
During its visit, the Saudi delegation will also hold talks on promotion ofbilateral ties and economic and trade cooperation.
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The visit has been in line with the previous announcement by thegovernment pertaining to Islamabad’s invitation to Riyadh for makinginvestments in China-Pakistan Economic Corridor (CPEC) as well as otherinfrastructure projects countrywide.
The delegation is expected to sign five important Memorandums ofUnderstanding (MoUs) with the government and prospect of setting up oilrefineries in Gwadar will come under discussion as well, as per the sources.
During its six-day visit to Pakistan, the delegation will also sign an MoUto make investments in the Balochistan Reko Diq gold and copper mines, thesources further informed that agreements to privatise two Liquefied NaturalGas (LNG) power plants and sale of phosphate-containing fertilisers toPakistan are also expected to be signed.
