Pakistan and EU envoy discuss cooperation to overcome energy crisis

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The European Union (EU) has extended co-operation to Pakistan to overcome energy crisis by providing technical assistance as well as investing in Pakistan's oil and gas sector. Patricia Flor, EU Special Representative for Central Asia, in a meeting with Dr Asim Hussain, Advisor to the Prime Minister on Petroleum and Natural Resources, extended the co-operation, who called on him here on Tuesday. Dr Asim Hussain said that Pakistan had always welcomed the co-operation extended by EU in various sectors of the economy. The meeting was also attended by Abid Saeed, Secretary Petroleum and Syed Tauqir Hussain, Joint Secretary (I&JV) Ministry of Petroleum and Natural Resources.

The Advisor stated that Pakistan needs to balance its energy mix, for which various projects and policy initiatives have been taken including policies on Shale Gas, LPG, LNG, Tight Gas, Flare Gas and Marginal Gases. He welcomed the interest of EU in helping out Pakistan in the Oil and Gas Exploration. Asim Hussain apprised the EU Ambassador about the ongoing projects of oil & gas sector in Pakistan and informed that the government is providing incentives to the companies intending to invest in Oil and Gas sector of Pakistan.

The EU Ambassador was also requested for possible collaboration in the field of Petroleum education, particularly at the Institute of Science and Technology recently established by OGDCL under the direction of Advisor. Ambassador Patricia Flor said that EU was already providing assistance to Pakistan in various sectors of economic and social development. She thanked the Advisor for meeting him and assured that the EU would extend all possible help in the energy sector and transfer of technology.

Courtesy: Business Recorder

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