Islamabad, October 16, 2012 (PPI-OT): Minister/Advisor to the Prime Minister on Petroleum and Natural Resources Dr. Asim Hussain today addressed the Ministerial Session of the Petrotech-2012 International Oil and Gas Conference being held in New Delhi from October 14-17, 2012.
Speaking on the occasion, he felicitated the Government of India and Organizers for holding the Conference with a view of having a meaningful dialogue on major energy issues. Highlighting President Asif Ali Zardari’s collective approach toward bilateral and multilateral relations, Dr. Asim Hussain emphasized the need to develop indigenous regional capacity for providing affordable energy.
He said that the unprecedented rise in the energy prices in the last few years has greatly altered economic balance making it unfavourable to our region. Minister proposed to make SAARC Energy Centre Islamabad a platform to bringing together regional experts in this field for coming up with practical solutions, says a press release received from News Delhi here today.
Speaking about Pakistan’s petroleum exploration and production policy, the Minister informed that major incentives have been offered in this area. Dr. Hussain informed that Pakistan intends to double the availability of gas in the domestic market over the next 4-5 years for which IP, TAPI and other regional and cross border pipeline projects are under consideration. These projects, he said, would also be mutually beneficial to other countries of the region.
Earlier, Executive Director of Bharat Petroleum Corporation Limited R.K. Mehra called on Minister for Petroleum and Natural Resources Dr. Asim Hussain. The Minister is also scheduled to meet Chairman Gas Authority of India Limited (GAIL) Mr. B.C. Tripathi and representatives of Hindustan Petroleum Corporation Limited.
Minister Asim Hussain is scheduled to meet Indian Minister for Petroleum and Natural Gas Mr. Jaipal Sudini Reddy on 17 October 2012.
For more information, contact:
Ministry for Petroleum and Natural Resources
Tel: +9251 921 0220 -9206416
Fax: +9251 921 3180