Welcoming the delegation, the minister expressed his gratitude to the government of Jordan for their help and assistance and also lauded the $50,000 donation by the group for relief and rehabilitation efforts in earthquake-hit areas.
Jadoon said there exists a lot of potential and opportunities for the Jordanian group in oil, gas and mineral sectors, besides participating in the proposed gas, LNG and coastal refinery projects for mutual advantage.
Petroleum secretary Ahmed Waqar gave a detailed briefing about the oil, gas and mineral sector development activities. He said during the last five years, the petroleum sector has witnessed a tremendous growth, increasing the oil production from 55000bpd to 66000bpd; gas 2 to 3.7 billion cubic feet; and LPG 1500 tons per day.
He said the government has deregulated and liberalised the petroleum sector to attract private sector investment. He said Pakistan is endowed with vast resources of hydrocarbon as well as minerals, adding all-out efforts were being made to explore them to meet growing energy need of the country.
The Shaheen Group chairman expressed grief over the loss of precious lives and destruction in the October 8 earthquake.