Chinese firms keen to invest in development of oil & gas sector of Pakistan

delegation from China Petroleum Pipeline Engineering Company (CPP) and China Zhenhua Import and Export Company called on Pakistan’s Ambassador to China Moin ul Haque at the Embassy on Friday.

Led by Qi Huang, General Manager of CPP, and comprising senior executives from China Zhenhua, the delegation discussed their plan to invest in the development of oil and gas sector of Pakistan.

Huang briefed the ambassador about the profile of CPP – a subsidiary of the state-owned China National Petroleum Corporation (CNPC) – as well as mega projects successfully completed by the company in other countries and regions.

Ambassador Haque welcomed the interest of Chinese companies for investment in the oil and gas sector of Pakistan and briefed them about the huge potential for foreign investment in oil & gas sector and attractive investment policies of Pakistani government.

He remarked that Chinese companies were playing a major role in the development of various sectors of our economy and Pakistan would continue extending them full support and facilitation.

Ms. Duan Xiaoyu, newly appointed Honorary Investment Counselor of Pakistan was also present at this occasion. Other potential areas of foreign investment also came under discussion during the meeting.

China Three Gorges Group shows interest for investing in solar, wind energy sectors

China Three Gorges Group (CTG) on Friday showed keen interest for investing in Pakistan’s solar and wind energy sectors.

A delegation of CTG led by Vice-Presidents Wang Shaofeng and Qin Guobin called on Pakistan’s Ambassador to China, Moin ul Haque at the Embassy of Pakistan.

Expressing satisfaction at the steady pace of hydropower projects, the CTG delegation showed keen interest for investing in Pakistan’s solar and wind energy sectors.

They informed that work on 720 MW Karot Hydropower project was almost completed and it would be commissioned early next year.

Appreciating China Three Gorges contribution to Pakistan’s energy sector development, the ambassador highlighted that Pakistan is focusing on developing its renewable energy resources and welcomes investment by Chinese companies in this field. He expressed hope that CTG would continue to benefit from Pakistan’s investment friendly policies and further expand its footprints in Pakistan in future as well.

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