UK team holds oil talks in Pakistan

Published October 29th, 2000 - 02:00 GMT

A delegation of seven British oil and gas companies has arrived in Islamabad to explore opportunities in Pakistan’s energy sector, diplomatic sources said yesterday. 

 

The group, sponsored by the Society of British Gas Industries and the Trade Partners UK, has already held talks with industry officials in Karachi and Lahore.The group was “very positive” about the potential opportunities in Pakistan, a British High Commission statement said. 

 

“It is quite clear that there are opportunities, here in Pakistan, for British companies supplying the oil and gas sector,” it quoted a member as saying upon the delegation’s arrival here on Wednesday. 

 

During their stay in Pakistan the group is scheduled to have meetings with the petroleum ministry officials and major private sector investors in the oil and gas industry, it said. 

 

The visit came as the state-run Water and Power Development Authority (Wapda) amicably resolved a several year-old dispute over power tariff and management with Britain’s International Power Company (IPC) which purchased 36 percent shares in the country’s Kot Addu Power Company (Kapco) in 1996. – AFP. 

©--Agence France Presse. 

 

You may also like