Pakistan signs strategic deal with international group for oil gas exploration

Pakistan signs strategic deal with international group for oil gas exploration
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ISLAMABAD: MoU is signed between the
Oil and Gas Development Company Limited (OGDCL) and MOL Group
for a strategic cooperation initiative to evaluate future Potential business opportunities in international upstream
exploration and production.

The Memorandum of Understanding (MoU) was signed by Graham Balchin, Managing Director/Chief Executive Officer, MOL Pakistan Oil and Gas Company B.V, and Zahid Mir, Managing Director OGDCL, according to a press release issued by the PM’s Media Office
here.

The strategic cooperation would lead to mutual exchange of technical knowledge and industry experiences, allowing for further discussion of potential international upstream growth
synergies and possible partnerships.
Earlier, Chief Operation Officer of MOL Group Dr. Berislav Gaso also called on the prime minister and briefed him about
various successful business ventures of his company in Pakistan.

Berislav Gasco thanked the prime minister for the continued support of the government towards facilitating the company in undertaking profitable business ventures in the country.
He also appreciated investment-friendly policies of the government and expressed keen desire of his company to explore investment opportunities in Balochistan, in addition to the
existing operations at various places in the country.

The prime minister stated that the government was committed
to provide every possible facilitation to the investors for exploring and benefiting from the huge potential existing in the country in various sectors, especially the oil and gas sector.

He also welcomed the desire of MOL Pakistan to extend its operation and undertake business ventures in Balochistan.

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