ISLAMABAD: Petroleum Minister Ghulam Sarwar Khan on Monday said that the government was adopting new policies to boost investment in energy sector.
He said this while addressing the international conference on petroleum to discuss state of Pakistan petroleum industry, new global trends and opportunities in Pakistan petroleum sector.
Terming uninterrupted power supply vital for economic growth, Ghulam Sarwar Khan said that the government was making all efforts to overcome the prevailing energy crises in the country. He said that the government was bringing reforms and promoting investment in the energy sector.
The minister said that trade deficit was increasing due to the import of petroleum products.He said that tow oil refineries, in collaboration with Saudi Arabia and United Arab Emirates, would be established in the country.
Ghulam Sarwar told the meeting that a foreign consortium had started deep offshore drilling near Karachi.
He said that Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline project was very import to meet the gas demand in country.
Read More: Pakistan, Azerbaijan to setup Joint working group on Energy: Ghulam Sarwar
Earlier, Federal Minister for Petroleum Ghulam Sarwar Khan had said on January 30 that Pakistan and Azerbaijan would constitute a joint working group on Energy.
He had said this during a meeting with Azerbaijan’s ambassador to Pakistan, Ali Alizadai at his office in the federal capital.
According to a statement released from the ministry, Azerbaijan had interested in investing in LNG sector through State Oil Company of Azerbaijan Republic (SOCAR).
