Pakistan and United States Agree to Enhance Bilateral Energy Cooperation; Federal Minister Ali Pervaiz Malik Holds High-Level Talks With US Charge d’Affaires Natalie A. Baker
ISLAMABAD: The Pakistani and US Governments have agreed to enhance and extend bilateral cooperation in the energy field with emphasis on energy security and sustainable development of energy resources. Federal Minister for Petroleum Ali Pervaiz Malik met US Charge d’Affaires Natalie A. Baker in Islamabad for a thorough meeting. Discussions played a high-level nature and covered significant issues of regional energy security, continuity of the supply of fuel and long-term fuel supply agreements between the two countries.
US Commitment to Energy Needs: US Charge d’Affaires Natalie A. Baker expressed the U.S. government’s interest in collaborating closely with Pakistan to address its increasing energy needs, noting that providing opportunities for American businesses in Pakistan and developing long-term energy supply agreements will be beneficial for both countries.Federal Minister Ali Pervaiz Malik called on American corporations and investors to take part in the Pakistan Minerals Investment Forum, highlighting the country’s mineral sector’s enormous investment potential across the nation.
The Federal Minister explained that technical teams from both countries are actively discussing new opportunities for cooperation in the energy sector through the formation of Refinery Upgradation and Joint Teams. He also said the continued projects on the upgradation of Pakistani refineries provide attractive investment opportunities for the US financial institutions and the corporate world.