Imran Khan meets MOL’s representatives

Group expresses interest in expanding presence in Pakistan


Our Correspondent March 29, 2019
PHOTO: PR

ISLAMABAD: The MOL Group Executive Vice President  Dr Berislav Gaso and its Regional Vice President Middle East Africa and Pakistan Ali Murtaza Abbas on Friday called on Prime Minister Imran Khan and expressed interest in expanding the group’s presence in Pakistan through a 3-rig operations in TAL Block

Gaso briefed the PM on the MOL Group and its global footprint, with a special emphasis on MOL Pakistan as a key player in its production portfolio.  He expressed his interest in expanding MOL’s presence in Pakistan.

He said the group interested in starting  3-rig operations in TAL Block, carrying out 2-D Seismic in the Margalla Block, carrying out 3-D Seismic in TAL Block worth $20 million and participating in the new licensing round for acquisition of new acreage, especially exploration and production assets in the country, particularly Greenfield acreage in Balochistan.

There was also discussion on MOL’s corporate social responsibility (CSR) activities including the intention of building a school and to carry out a tree plantation drive in its areas of operation.

It also wanted to make contribution towards the construction of shelter homes for the underprivileged and the homeless and towards the PM initiatives for poverty alleviation.

“Pakistan is an important asset for MOL Group and we are happy to show our commitment towards developing the energy sector of the country. With our successful track record of 20 years, we look forward to many more in Pakistan,” Gaso said.

Ali Murtaza Abbas said, “We are very pleased to be acknowledged by the honourable prime minister for our 20 years in Pakistan and we look forward to growing our interests further in the country, reinforcing our commitment, as always.”

The PM said he is fully aware of the MOL Pakistan’s successful track record in the TAL Block and their CSR efforts in Khyber Pakhtunkhwa.  “I am especially appreciative of the hard work put in by Abbas and extend my support to the company for their further interest and investments in Pakistan,” he said.

MOL Group has been operating in Pakistan since 1999 and is the single largest LPG producing facility in Pakistan, the second largest producer of crude/condensate in Pakistan, and the fifth largest producer of natural gas in the country.

 

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