Qamar seeks joint venture for exploration of natural resources

ISLAMABAD (APP) - Dr. Michael Koch, the ambassador of the Federal Republic of Germany, called on Federal Minister for Petroleum and Natural Resources, Syed Naveed Qamar and discussed the matters pertaining to bilateral interest, particularly investment opportunities in Pakistan came under discussion during the meeting.
Naveed Qamar informed the ambassador that in view of the countrys huge energy needs, and with supplies finding it difficult to keep pace with the demands, a multi-pronged approach to promote efficacious utilization of precious natural resource and fast- tracking exploration and production in the indigenous upstream oil and gas sector and through imports were being vigorously pursued. Dr. Koch informed the Minister of the vast experience the German companies had in various processes including exploration, extraction and transportation.
OMV delegation calls on Qamar
A delegation comprising senior management of OMV Exploration and Production called on Minister for Petroleum and Natural Resources, Syed Naveed Qamar, here at his office.
Dr. George Watchel, the incumbent General Manager of the company, introduced the delegation led by General Manager OMV, Dr. Elmar Collins, to the Minister.
While reviewing the companys performance in Pakistan over the years, the prospects of upcoming projects came under discussion during the meeting.
Appreciating Dr. Watchel for his invaluable contribution in exploratory work, particularly in the gas sector in Pakistan since many years, Syed Naveed Qamar also welcomed Dr. Elmar to office. He said that investment opportunities for E&P companies existed in the countrys upstream oil and gas sector and all the necessary assistance to facilitate investors initiatives would be extended.