Foreign funding: Qatar invited to invest in oil, petroleum

ISLAMABAD: Qatari investors have been invited to invest in the oil and petroleum sector of Pakistan during the recently held second session of the Pak-Qatar Join Ministerial Commission here. The proposal also invites investment from Qatar in offshore petroleum exploration and production activities. During the session of the committee, the Qatari delegation was briefed on the opportunities in Pakistan’s oil and petroleum sector. It was also informed of the potential in Pakistan’s offshore oil exploration opportunities and government incentives being offered in this regard. The delegation promised to assess these proposals individually. It is pertinent to note that Qatar’s Minister of Energy and Industry had recently been in Pakistan to attend the Pak-Qatar Join Ministerial Commission.

Published in The Express Tribune, March 13^th, 2012.