Federal Minister for Petroleum & Natural Resources Dr. Asim Hussain has said that Pak-India has great potential for trade in petroleum products and in this regard initiation of talks would prove a step in right direction.
He stated this during a meeting with the Indian delegation which is visiting Pakistan for discussing issues pertaining to trade in Petroleum Products.
The Indian delegation is headed by P.Kalyanasundaram, Director (International Cooperation & Corporate Affairs), Ministry of Petroleum & Natural Gas, Government of India and comprises of business representatives from leading Indian companies including Petroleum Federation of India (PetroFed), IOCL, BPCL, HPCL, Reliance Industries, Essar Oil Ltd.
The Pakistani delegation is being headed by Mr. Shabbir Ahmed Joint Secretary (International & Joint Ventures) Ministry of Petroleum & Natural Resources, Government of Pakistan, and other members include representatives of Ministry of Commerce, Ministry of Foreign Affairs, Ministry of Finance, OGRA, Federal Board of Revenue, Pakistan State Oil, PARCO and Attock Refinery Ltd.
Dr. Asim Hussian during his interaction with the delegation welcomed the Indian members to Pakistan and said that Pakistan is interested in import of Furnace Oil and Diesel. He also appraised the visiting delegation regarding TAPI pipeline project.
Earlier Secretary Petroleum, Mr. Muhammad Ejaz Chaudhry in his opening remarks said that this dialogue will provide opportunity for Indian businessmen to explore potential areas for trade with Pakistan.
The two days dialogue will discuss subjects such as identification of products, specifications, volumes, supply sources and transportation mechanism for trade between the two countries.
