China to make entry into oil and gas exploration in Pakistan
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ISLAMABAD – Pakistan, and China on Friday reiterated their resolve to further strengthen bilateral cooperation in oil and gas exploration sector for meeting ever-growing energy needs of the former.
During a meeting between Chinese ambassador to Pakistan Yao Jing and Minister for Petroleum and Natural Resources Ghulam Sarwar Khan, both sides agreed to make the joint working group on oil and gas a more vibrant body, a Petroleum Division press release said.
The envoy assured the minister to motivate Chinese investors to invest in oil and gas sector of Pakistan for exploring hydrocarbon deposits in potential areas.
Ghulam Sarwar said Pakistan would provide all possible assistance and cooperation to interested Chinese investors in the sector so that they could work in a conducive business environment.
He said China Pakistan Economic Corridor was the symbol of all-weather friendship between the two countries.
The two sides also discussed matters related to the South-North gas pipeline project.
