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| PM inaugurates Karak gas field |
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Says govt committed to overcoming energy crisis
Thursday, November 12, 2009
By our correspondent
ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani on Wednesday said the government was giving top priority to overcoming the energy crisis and it was committed to extending all possible support to foreign investors to accelerate oil and gas exploration.
“I assure you that the present government will extend full support to the investors entering into joint ventures in this sector,” he said while addressing the inaugural ceremony of the Manzalai Central Processing Facility (Karak) at the Prime Minister’s Secretariat here on Wednesday.
NWFP Chief Minister Ameer Haider Khan Hoti specially came from Peshawar for the inaugural ceremony of the Manzalai Central Processing Facility (Karak) at the Prime Minister’s Secretariat. The facility is a joint venture of MOL group, OGDCL, PPL, POL and the government holding company.
The PM said Pakistan was blessed with vast natural resources but unfortunately these had not yet been harnessed and the present government would extend all possible help to investors to harness these resources to make the country self-sufficient in energy.
He said that although there were enormous challenges ahead including the threat of terrorism but the government would take all measures to provide security to foreign investors in the oil and gas sector.
He said the government had given a number of incentives to foreign investors in the petroleum sector to move towards self-sufficiency. The prime minister said that the government also intended to improve the economic climate in the NWFP by launching new infrastructure projects.
He was of the view that the construction of a new bridge on the Indus River to relieve pressure on the existing Khushhalgarh Bridge was of prime importance. “This will enhance accessibility of the eNWFP to other parts of Pakistan,” he added.
The prime minister appreciated MOL Pakistan for enhanced investment in oil and gas sector and expressed the confidence that other foreign investors would also come to Pakistan for investment in this sector that would help give a boost to the national economy besides generating employment opportunities for the people.
He expressed gratitude to the Hungarian prime minister for supporting the government in its efforts to curb terrorism. He hoped that more Hungarian companies would come to Pakistan. In a message read by the Hungarian ambassador, the Hungarian prime minister appreciated the Pakistani government for taking measures to eliminate terrorism from the country.
He said that cooperation between the two countries will further expand in the coming times. Minister for Petroleum Syed Naveed Qamar in his remarks said that the facility will produce 100 MMCFD compressed gas daily that will be enhanced up to 250 MMCFD at a later stage.
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ISSN 1563-9479 
