CCK Group, a Chinese company had engaged in memorandum of understanding with KP Provincial Holding Company Khyber Pakhtunkhwa Oil & Gas Company (KPOGCL) for possible agreement on joint collaboration for projects ranging from upstream to downstream business of oil and gas in KP province. MoU signing ceremony was held in Beijing, China on 19th April 2017 between the two companies. As per terms of MoU, KPOGCL will act as the facilitator and provide one window operations to CCK Group ranging from security to ground break ceremony for execution of project.

For a follow up note, CEO CCK Group Tao Ye along with his technical team visited Peshawar and had consultative meetings with CEO KPOGCL Razi Uddin Razi to discuss matters for way forward. CCK Group delegation also paved a courtesy call to Minister E&P Atif Khan in his secretariat. The Minister assured the Chinese investors with full proof support on behalf of the KP Government. Chinese investors were formally presented with pre-feasibility studies conducted by KPOGCL and all the relevant material to facilitate them to start detailed feasibility of the projects as per the MoU terms.

Speaking on the occasion KPOGCL CEO Raziuddin informed that KPOGCL is committed to take forward the vision of the present government and all necessary steps are being taken for the betterment and upliftment of the province and the local community. "Yes, these are big scale projects and all technical and commercial terms are being looked upon closely. We assure all the hard work of today will certainly reap fruits for decades to come for KP province and the local community."-PR

Copyright Business Recorder, 2017