Petroleum minister seeks to strengthen energy partnerships with Chinese companies

Minister for Petroleum Dr Musadik Malik on Saturday led a delegation of Pakistani energy companies to the eighth Silk Route Expo in China, aiming to strengthen energy partnerships with Chinese counterparts and foster collaboration in the sector.

According to a statement from the petroleum ministry, Dr Malik laid down Prime Minister Shehbaz Sharif’s vision during the discussion forum, assuring Chinese companies of full support in partnering with Pakistani firms for joint ventures, whether individually or through consortiums.

According to reports, Pakistan’s current domestic oil and gas production stood at 70,998 barrels and 3,131 million standard cubic feet per day (MMSCFD), respectively.

While PM Shehbaz had emphasised exploring new oil and gas reserves as a “top priority”, highlighting that during the next three years, around 240 potential reserve sites would be excavated with an investment of $5bn to explore petroleum and gas.

During the meeting, key areas of partnership including oil and gas exploration, refinery upgrades, coal conversion, and regasification were discussed.

Furthermore, the minister stated that Pakistan had one of the largest coal reserves and the government was committed to creating value from its natural resources “while protecting the environment”.

He also highlighted the country’s focus on producing fertilisers using coal-based energy.

“Moreover, the production of green and blue hydrogen, as well as ammonia, is under consideration. We will become technology partners and joint venture partners,” Dr Musadik Malik remarked.

Chinese companies also engaged in business-to-business meetings with their Pakistani counterparts, exchanging opportunities and plans for collaboration.

During a series of roundtable meetings, the minister met with representatives from leading Chinese companies, such as the Shaanxi Energy Bureau, Yanchang Petroleum Group, Hua Lu Engineering and Technology Group, Shanghai Electric, and Shaanxi Blower Group.

Pakistani companies, including Oil and Gas Development Company (OGDCL), Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), Fauji Fertilizer Company Limited (FFC), and the Thar Coal Energy Board, showcased investment opportunities at the Expo.

from The Dawn News - Home https://ift.tt/92ALQZT

Comments

Ministers rubbish notion that proposed retirement age extension to favour ‘one particular institution’

Information Minister Attaullah Tarar on Tuesday rubbished the notion that a proposed extension in the retirement age was to favour “one particular institution”, adding that the move would be implemented across the board if approved. The rebuttal comes in the wake of media reports claiming that the government was mulling changes to the Constitution to fix the tenure of the chief justice . Currently, judges of the Supreme Court, including the chief justice, retire after attaining the age of superannuation, i.e. 65 years, as stipulated in Article 179 of the Constitution. While giving his opinion recently on the reports of the constitutional amendment, Law Minister Azam Nazeer Tarar had said he “will not vehemently turn down the proposals related to the tenure of the chief justice”. Addressing the issue during a press conference in Islamabad today along since Finance Minister Muhammad Aurangzeb and the law minister, Attaullah said the extension in the retirement age was “a proposal to a...

The Republican primary race for president in 2024

The Republican primary race for president in 2024 is already shaping up to be a competitive one. There are a number of high-profile candidates who have already announced their intention to run, and more are expected to join the field in the coming months. The frontrunner for the nomination is former President Donald Trump. Trump has been teasing a 2024 run for months, and he has a large and loyal following among Republican voters. However, he is also a polarizing figure, and his candidacy could alienate some moderate Republicans. Another potential contender for the nomination is Florida Governor Ron DeSantis. DeSantis has been praised by many conservatives for his handling of the COVID-19 pandemic and his opposition to vaccine mandates. He is also seen as a rising star in the Republican Party. Other potential candidates include former Vice President Mike Pence, former Ambassador Nikki Haley, and Senator Tim Scott. Pence is a more traditional Republican who could appeal to moderate vote...

In pictures: Grief in Gaza and the loss of a child

In the photo, the woman cradles a child in her arms, balanced on her knee. It is an image that resonates, as ancient as human history. But in a grim inversion of the familiar, we see that the child she holds close is a corpse, wrapped in a shroud. It is a quiet moment of intense grief. The woman wears a headscarf and her head is bowed. We cannot see who she is nor can we learn anything about the child — not even if it is a boy or girl. Palestinian woman Inas Abu Maamar, 36, embraces the body of her 5-year-old niece Saly, who was killed in an Israeli strike, at Nasser hospital in Khan Younis in the southern Gaza Strip, October 17, 2023. The child is one of many who have lost their lives on both sides in the Israel-Hamas war. Most have names we will never know, whose deaths will spark a lifetime of grief for family members we will never meet. In the 21st century, an average of almost 20 children a day have been killed or maimed in wars around the world, according to Unicef. Reuter...

Infinity Social Updates

Search This Blog