Pakistan undoubtedly offers long-term gains: Naveed Qamar.
ISLAMABAD, April 09, 2010 (Balochistan Times): Federal Minister of
Petroleum and Natural Resources held a meeting with Muhammad Al-Howqal,
the Chief Executive Officer of Kuwait Energy Company who called on him
here on Friday. The two exchanged views on the investment climate and
opportunities in the oil and gas exploration and production sector of
the country. The Minister highlighting the investment potential said
Pakistan undoubtedly offered long-term gains. Those companies who have
been here and stayed for long were a proof of this. He encouraged
companies to avail the opportunities offered by the country adding that
those who are strong, seriously committed and have a heart for Pakistan
could excel but those who do not have a heart could be easily
discouraged. The Minister said that he was here to facilitate and ensure
that things run smoothly.Al Howqal explained that he in a joint venture
with New Horizon Ltd. had proved to be very successful and were
presently working on two blocks, Jharak and Kunri in the Sindh province.
He said that geophysical and geological work had already been done. He
said that he was hopeful of starting drilling by June.
(THROUGH ASIA PULSE)