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Monday, October 18, 2021

Govt invites Shell to invest in Pakistan’s energy sector

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Federal Minister for Energy Omar Ayub Khan shared proposed areas of investment in Pakistan’s energy sector including retail, trading, supply and LNG to Royal Dutch Shell’s Government Relations and Global Advisory Vice President James Hall.

In a meeting at the Petroleum Division in Islamabad, Omar Ayub particularly stressed on the government’s focus to improve ease of doing business in Pakistan and progress that had been made on that front recently. He shared brief overview that how the government has planned to diversify and increase shares of renewable in overall energy mix.

James Hall apprised the federal minister about Royal Dutch Shell’s area of operations in the South Asian region with a focus on current and future plans in Pakistan. He stressed on the Shell International’s unequivocal commitment to meet not only just Pakistan’s but also world’s growing energy demand in economically, environmentally and socially responsible ways.

Shell Pakistan is also the second largest oil marketing company in the country and aimed at becoming the number one energy company in Pakistan. Shell Pakistan CEO Haroon Rashid briefed some of the core areas of operations including in the retail, lubricants, trading, supply, business to business and aviation sectors.

He also informed the minister about Shell Pakistan’s retail network of strategically located 780 plus sites leading to direct, indirect employment opportunities and being a market leader in the country’s lubricant market. The minister welcomed James Hall and appreciated Royal Dutch Shell’s sustained cooperation with its domestic partners.

He also commended Shell’s commitment to Pakistan and its intent to expand in the Pakistani market. Omar Ayub outlined the government’s resolve to introduce reforms in the economy and energy sectors. The minister thanked James Hill for his visit and hoped that such continued interactions would lead to mutually beneficial outcomes.

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Staff Writerhttps://www.thewallet.com.pk
The Wallet Team produces these stories.
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