Government aims to introduce reforms in energy sector

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SOURCEThe Express Tribune
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ISLAMABAD: Federal Minister for Energy Omar Ayub Khan has said that the government is determined to introduce reforms in the energy sector.

He stated this during a meeting with Royal Dutch Shell Vice President Government Relations and Global Advisory James Hall and Shell Pakistan MD/CEO Haroon Rashid, according to a statement released on Tuesday.

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The minister appreciated Royal Dutch Shell’s continued cooperation with local partners in Pakistan. He also commended Shell’s commitment to expanding its business in the country and said the government was focusing on improving the ease of doing business.

He highlighted proposed areas of investment in the energy sector of Pakistan which included retail, trading, supply and liquefied natural gas (LNG). He voiced hope that such continued interactions would lead to mutually beneficial outcomes for both sides.

Hall apprised the minister about Royal Dutch Shell’s operations in the South Asian region with a particular focus on the current and future plans in Pakistan.

He said Shell was committed to meeting Pakistan’s energy demand as it was the second largest oil marketing company in the country. “At present, Shell is focusing on becoming the number one energy company in Pakistan.”

Pakistan seeks investment in energy sector

Shell Pakistan Managing Director Haroon Rashid briefed the minister about the company’s operations in the country. He also apprised the minister that the Shell network had expanded to about 780 sites in the country and it was providing direct and indirect employment opportunities to thousands of people.

Published in The Express Tribune, November 13th, 2019.

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