TEHRAN (FNA) Pakistan’s Minister for Petroleum and Natural Resources Ahsanullah Khan said there exists tremendous scope for promoting Pak-Iran ties in the oil, gas and mineral sectors and invited the Iranian companies to participate in the upcoming petroleum projects for learning a lot from each others’ experience.
Iranian ambassador to Pakistan Mashallah Shakeri called on Ahsanullah Khan in Islamabad on Friday and discussed with him matters pertaining to promoting bilateral cooperation in the oil and gas sectors.
During the meeting both sides expressed satisfaction over the pace of progress on IPI gas pipeline project and reiterated the desire of their leaderships for its early implementation for the benefit of the entire region.
The Pakistani Minister said that the government is taking concrete steps for exploiting the untapped hydrocarbon resources, spanning over 627,000 sq. kms sedimentary area in order to meet the speedy socio-economic growth in the country.
He said that further onshore and offshore blocks would be opened for enhancing the oil and gas exploration activities in the country, which would provide enormous investment opportunities for the investors.
Expressing his sentiments, the Iranian Envoy said that IPI gas pipeline project would not only open up new avenues of cooperation among the member states but also help to bring the regional countries closer. Petroleum Secretary Farrakh Qayyum was also present during the meeting.