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Russian companiess want to invest in petroleum, energy sectors

Deputy Minister of Energy of the Russian Federation and Head of the delegation, Yury Sentyurin on Wednesday said some Russian companies are inclined to invest in petroleum and energy sectors in Pakistan. He expressed these views in a meeting with Minister of State for Petroleum and Natural Resources Jam Kamal Khan including officials from petroleum and energy organisations here at Oil and Gas Development Company Limited (OGDCL), head office.

On behalf of his 15-member team on three-day visit to Pakistan, he discussed his concerns over many issues keeping in view investment plan here in petroleum and energy sectors. The Minister resolved their queries and arranged presentations of OGDCL, Pakistan State Oil (PSO), Pakistan Petroleum Limited (PPL), Sui Northern Gas Pipelines Limited (SNGPL), Sui Southern Gas Company Limited (SSGCL), Private Power Infrastructure Board (PPIB), Water And Power Development Authority (WAPDA), National Transmission And Despatch Company Limited (NTDC), Faisalabad Electric Supply Company (FESCO), Islamabad Electric Supply Company (IESCO) for further convenience.

"Foreign investment in Pakistan is protected in accordance with an act passed in the Parliament House and Pakistan encourages foreign investments on equality basis and provides level playing field to all the investors either in government, public or private sectors", Kamal added. The Russian delegation appreciated the liberal investment policies of the government and agreed upon finalising terms and conditions of engagement in the meetings ahead.

The delegation was comprised of Ivan Volkov, the Head of Asia and Africa Desk of the Ministry of Energy of Russia, Vladimir Mokryy, the Counsellor of the Board of Directors of the JSC 'NOVATEK', Vladimir Pelmenev, the Leading Expert of the Department of International Business of the JSC 'GAZPROM Petroleum', Ivan Shevchenko, the Counsellor of the Secretariat of the Director General of the JSC 'INTER RAO UES', Maxim Peshkov, the Head of the Directorate of the Central Asia Geographical Division Development, 'INTER RAO UES', Alexander Rybas, the Chairman of the Board of Directors of the JSC 'TECHNOPROMEXPORT', Sergey Abutidze, the Deputy Director General of the JSC 'TECHNOPROMEXPORT', Igor Tertyshnyy, the Director of Department of Perspective Projects Abroad of the JSC 'TECHNOPROMEXPORT', Valery Davydyuk, the Deputy Director General on International Projects of the JSC 'Electrocentrmontazh', Alexey Semenkov, the Director of the directorate of International Projects of the JSC 'Electrocentrmontazh', Vadim Zhuk, the President of the JSC 'Metallostroykonstrukcia' Federation, Yury Kozlov, the Trade Representative of the Russian Federation in the Islamic Republic of Pakistan, Dmitry Vikhlyaev, the Chief Specialist of the Trade Representation of the Russian Federation, Alexey Afanasyev, the Interpreter, Embassy of the Russian Federation.

Copyright Associated Press of Pakistan, 2013



 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln