Pakistan and Russia sign MoU for cooperation in energy sector

Nov 21, 2010 12:00 AM

Pakistan and the Russian Federation have agreed to pursue joint projects and cooperation in the oil and gas sectors, Petroleum Federal Minister Syed Naveed Qamar said after signing a Memorandum of Understanding (MoU) with the Russian Minister for Energy S.I. Shmatko in Moscow. The MoU laid down mechanism and desire of the two countries to cooperate in oil and gas exploration, construction of trans-national gas pipelines, training, technology transfer and other areas of mutual interest.
“The Russian government will send a delegation of experts to the country..., to meet with their counterparts and study data, legal framework and policy with a view to develop a time-bound roadmap of cooperative projects,” a report said.

At the occasion, the Russian minister proposed that the MoU might be followed by an ‘Inter Governmental Framework Agreement’ to further cement the ties of cooperation between the two countries.
Shmatko, while expressing the desire to participate in developing joint ventures with the Oil and Gas Development Company Limited (OGDCL) in exploration and development of oil and gas prospects in the Pakistani territory, offered technology support and investment to the country.

Referring to the gas import projects of Pakistan, the Russian minister showed keen interest in participating in the Iran-Pakistan (IP) Gas Pipeline Project as well as the Turkmenistan-Afghanistan-Pakistan India (TAPI) Gas Pipeline Project in construction and investment.
While speaking at the occasion, the petroleum minister expressed his satisfaction over the developing relations between Pakistan and the Russian Federation in the field of energy. Qamar said he hoped that the Russian cooperation would greatly improve energy availability in Pakistan.

The petroleum minister met with the Gazprom Zarubezhneft CEO Valeriy Gulev and discussed ways and means of enhancing cooperation in energy sector. Gulev showed keen interest in cooperating and investing in Pakistan in the energy sector, the message stated.
The delegation to the Pakistan-Russia bilateral discussion included OGDCL Managing Director Naeem Malik, Inter State Gas Systems Limited Managing Director Hilal A Raza and Ambassador to Moscow Khalid Khattak.

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