Prime
Minister Shahid Khaqan Abbasi today witnessed an MoU signing ceremony between
Oil & Gas Development Company Limited (OGDCL) and MOL Group for a strategic
cooperation initiative for evaluating future potential business opportunities
in international upstream exploration and production.
The MOU was signed by Mr. Graham
Balchin, Managing Director/Chief Executive Officer, MOL Pakistan Oil & Gas
Company B.V, on behalf of MOL Group and Mr. Zahid Mir, Managing Director OGDCL
on behalf of OGDCL. The strategic cooperation
would lead to mutual exchange of technical knowledge and industry experiences,
allowing for further discussion of potential international upstream growth
synergies and possible partnerships.
Earlier, Dr. Berislav Gaso, Chief
Operation Officer of MOL Group, also called on Prime Minister Shahid
Khaqan Abbasi and briefed the Prime Minister about various successful business
ventures of his company in Pakistan.
Mr. Berislav Gasco thanked the Prime
Minister for the continued support of the government towards facilitating the
company in undertaking profitable business ventures in Pakistan. He also
appreciated investment-friendly policies of the government and expressed keen
desire of his company to explore investment opportunities in Balochistan in
addition to the existing operations at various places in the country.
The Prime Minister observed that the
government is committed to provide every possible facilitation to the investors to
explore and benefit from the huge potential existing in the country in various
sectors especially oil and gas sector.
The Prime Minister also welcomed the
desire of MOL Pakistan to extend its operation and undertake business ventures
in Balochistan.
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