Pakistan invites oil firms to join gas pipeline projects

Jul 18, 2006 02:00 AM

Pakistan's Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon, on July 13 said that his country provides investor-friendly regime and offers special incentives in the oil and gas sector.
Speaking at the inaugural ceremony of 1,700 km-long Baku-Tbilisi-Ceyhan (BTC) oil pipeline, Jadoon invited the oil and gas companies that developed the BTC to develop transnational gas pipeline projects with Pakistan.

The minister said the people of Pakistan rejoice with their Turkish counterparts to see the BTC pipeline -- once a dream -- translated into reality.
He said Turkey would indeed go forward and assume in the near future a major role in the transportation of crude oil of Caspian region to the world and European markets, adding that "undoubtedly today is a historical landmark for Turkey and the region as a whole."

The minister said that initiatives taken by Turkey, Georgia, and Azerbaijan in terms of BTC need to be applauded and acknowledged.
He said Pakistan was currently engaged in developing gas pipeline projects with Iran, Turkmenistan, and Qatar and would appreciate the Herculean tasks Turkey had accomplished in completing the oil pipeline.

Source: Asia Pulse Pte Ltd.
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