AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad: A Chinese company, Shandong Group, has expressed its readiness to make large-scale investments in Pakistan’s energy sector. This interest was expressed by a delegation of the company, headed by its Chairman, Hou Jianxin, during a meeting with Minister for Petroleum Ali Pervaiz Malik in Islamabad.
According to Radio Pakistan, the Chinese company proposed establishing a long-term strategic partnership in Pakistan’s energy sector. Shandong Group offered to invest in enhancing oil and gas production, drilling operations, and field optimization. The company also expressed interest in refinery upgradation in Pakistan.
The Chinese delegation further proposed establishing an energy equipment manufacturing facility in Pakistan, with the aim of serving not only the domestic market but also exporting to the Middle East. The company also showed keen interest in investing in Pakistan’s offshore energy sector, sulfur processing plants, and the development of energy cities.
Speaking on the occasion, Ali Pervaiz Malik said the government is committed to promoting investment and value addition in the energy sector. He directed the Petroleum Division to appoint focal persons for each of the proposals submitted by the Chinese company to ensure swift progress. The Petroleum Minister expressed confidence that cooperation between Pakistan and China in the energy sector would grow stronger. He said the proposed Chinese investment would make a significant contribution to Pakistan’s energy security and economic development.