China to invest in Pakistan’s oil and gas sector

ISLAMABAD: Chinese companies have expressed interest to invest in Pakistan’s oil and gas sector, the Petroleum Ministry revealed on Wednesday.

A notification issued by the ministry stated that a workshop has been held in this regard. Pakistan was represented by the Petroleum Secretary while China was represented by the Director General National Energy Administration.

During the briefing, it was revealed that Pakistan has an estimated 160 trillion cubic feet of gas reserves and this estimate includes 105 trillion cubic feet of Shale gas reserves.

Chinese companies are interested to invest in Pakistan oil and gas sector to explore for further reserves.