In a first, Pakistan and China agreed to include four key Oil and Gas Projects in CPEC
ISLAMABAD: Pakistan and China have agreed to include four key projects for oil and gas cooperation including finalisation of feasibility study on South North Gas Pipeline Project by Power China International Group of Companies, reported *The News*.
A meeting was held between high level representatives from both sides, sources quoted in the report said.
Both sides appreciated the work of the Joint Experts Panels of Oil & Gas Sub working group attached to the China Pakistan Economic Corridor (CPEC) energy sector and towards completion of the “Pakistan Oil and Gas Industry Development Plan Report” which will provide effective guidance for the development of the Oil and Gas Industry in Pakistan with emphasis on petrochemical industry refinery, oil and gas exploration including conducting seismic survey and pipeline projects, according to the report.
Given the proposed projects to be helpful in development of oil and gas industry, the official said both sides agreed that these projects will be included in the “Development Plan for Pakistan Oil and Gas Industry”.
Both sides agreed to make the Development Plan more actionable for quality development of CPEC with ready projects.
Interested parties will conduct feasibilities and place before the next Energy Planning Expert Panel for review.
According tot he published report, both sides agreed that other projects discussed in the Experts Panel and Joint Energy Working Group meetings require further study and feasibility work before they can be formally included in the process”.