Asim Hussain Advisor to the Prime Minister on Petroleum and Natural Resources has said that the Government of Pakistan has provided friendly opportunities to foreign investors in the oil and gas sector under the new Petroleum Policy 2012.
Dr Asim Hussain stated this in a meeting with the Ambassador of Nigeria to Pakistan H.E. Mr. Dauda Danladi, who called on the Advisor here on Tuesday. The Nigerian Ambassador apprised the Advisor that Nigeria is enriched with oil and gas resources and it has an estimated 184 TCF gas reserves.
The Government of Nigeria supports deregulation of the Petroleum Sector so that healthy competition is encouraged. H.E. Mr. Dauda Danladi, while referring to the recent D-8 conference, emphasized that in the spirit of mutual cooperation direct intervention on Government to Government basis is required in the Oil and Gas sector. The Ambassador also informed that Nigeria has established Free Zones for International E&P companies, which provides beneficial opportunities for Pakistani companies.
Dr. Asim Hussain welcomed the interest shown by Nigerian Government to enter into dialogue regarding possible cooperation in the oil and gas sector. The Advisor also suggested to explore vistas of cooperation in the downstream oil and gas sector including refining. Dr. Asim Hussain accepted the invitation to visit Nigeria.
