New petroleum policy to attract huge investment: Jadoon
By Asad Cheema

ISLAMABAD—Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon has said that new petroleum policy would envisages more incentives for the investors in the exploration and production activities for attract huge investment in the oil and gas sector ready by the end of next month.
He stated this while talking to the Senior Voice President of Premier Oil Company of London John Orange who called on him here on Saturday to discuss investment potential in the oil and gas.
The Minister said that there existed a lot of potential for the prospective investors in the upcoming oil and gas projects exportation and privatization activities and asked the Premier Oil to further invest for promoting the level of bilateral cooperation.
Johan Orange said that premier oil was looking forward to participate in the upcoming oil and gas exploration and privatization activities for the natural benefit.
Meanwhile, Amanullah Khan Jadoon talking to Chairman of Czech Republic Moravske Naliov Doly (MND) exploration and production company Karel Komarek said that Pakistan has a vast onshore and offshore area of 827,000 kms out of which 25 percent was under exploration.
On the occasion, Karel Komarek expressed his company’s keenness to invest in the construction of gas storages, joint venture explorations and privatization activities.
Minister of State for Petroleum Mir Muhammad Naseer Mengal, Additional Secretary Shaukat Hayat Durrani, General Manager MND in Pakistan Alamgir Khan and senior officers of the Ministry were present during the meeting.