GPXP expresses interest in increasing investment in Pakistan’s oil and gas sector; Petroleum Minister Ali Pervaiz Malik assures government support and facilitation for expansion plans

Kuwait-linked Gulf Petroleum Exploration Pakistan (GPXP) is considering expanding its operations and investment in Pakistan’s energy sector, as the government seeks to attract greater foreign capital into oil and gas exploration and development.

According to a news report, Federal Minister for Petroleum Ali Pervaiz Malik discussed the company’s expansion plans during a meeting on Thursday with GPXP Chief Executive Officer Khaled Al Saati and Mosleh Al Otaibi of Gulf Petroleum Exploration.

According to a statement issued after the meeting, the company expressed interest in increasing its investment and expanding its contribution to Pakistan’s energy sector.

Malik welcomed the proposed expansion and assured the company of government support and facilitation for its investment plans.

GPXP currently operates in Pakistan’s oil and gas exploration sector.

Company representatives acknowledged the government’s support for its existing operations and reiterated GPXP’s commitment to Pakistan.

They said the company remained interested in expanding its investment and operations in the country’s energy sector.

News Source: Profit

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