Trans-na­tional deals to usher de­vel­op­ment, pros­per­ity in the county

The Pak Banker - - BUSINESS -

Ad­vi­sor to the Min­istry of Pe­tro­leum & Chair­man OGDCL Mr. Zahid Muzaf­far has said that the im­pact of trans-na­tional deals with China, Turk­menistan, Iran and Qatar, will usher a new era of de­vel­op­ment and pros­per­ity in the coun­try. He in­vited in­vestors to come to Pak­istan and seek en­su­ing op­por­tu­ni­ties.

He was speak­ing at the 8TH Pak­istan En­ergy Fo­rum 2016 which con­cluded in Is­lam­abad to­day. Or­ga­nized by SHAM­ROCK Con­fer­ences In­ter­na­tional (www.sham­rock­con­fer­ the an­nual con­clave was ad­dressed by rep­re­sen­ta­tives of govern­ment, reg­u­la­tory bod­ies, em­i­nent prac­ti­tion­ers, opin­ion for­m­ers, and po­ten­tial for­eign in­vestor coun­tries. Am­bas­sadors, Charge d'Affairs and Com­mer­cial At­taches of Turk­menistan, Qatar, Iran, Brazil, Por­tu­gal, Turkey, Ger­many, Poland, the UK and Al­ge­ria, re­spec­tively, also at­tended the ses­sions.

The theme of the con­fer­ence was "Im­pact of Large Scale Trans-Na­tional Ven­tures" high­light­ing the CPEC (China Pak­istan Eco­nomic Cor­ri­dor), TAPI ( Turk­menistan, Afghanistan, Pak­istan & In­dia) Gas pipe­line, IPGAS (Iran-Pak­istan gas pipe­line) and the Pak-Qatar LNG deal, re­spec­tively. Dr. Gul­faraz Ahmed, giv­ing a re­view of the ini­tia­tives un­der­lined the enor­mous eco­nomic ben­e­fit to the coun­try and the ma­jor change in re­gional geopo­lit­i­cal dy­nam­ics.

In the open­ing ses­sion, "Strat­egy and Sus­tain­abil­ity amidst Fall­ing Global Prices" H.E. Mr. Clau­dio Raja Gabaglia Lins, Am­bas­sador of Brazil in Pak­istan high­lighted the en­ergy re­sources in his coun­try and showed in­ter­est in Pak­istan's en­ergy prospects. Mirza Shakil Baig, Man­ag­ing Di­rec­tor, Bakri Pe­tro­leum spoke on the chal­lenges be­ing faced by the new oil mar­ket­ing com­pa­nies and looked for con­ve­nience in op­er­a­tional is­sues. Mr. Asim Tir­mizi, Pro­ject Di­rec­tor, Liq­uid Gases, rep­re­sent­ing Mr Khalid Rah­man, Man­ag­ing Di­rec­tor, Sui South­ern Gas Com­pany (SSGC) high­lighted how the com­pany was mov­ing steadily to­wards sus­tain­able sup­plies to meet de­mand.

The se­cond ses­sion "An In­te­grated Ap­proach to de­ter­mine Pak­istan's En­ergy Mix" Mr. Iftikhar Ahmed of Sindh En­ergy dept., said the key ob­jec­tive of the prov­ince is to make Sindh self-suf­fi­cient and ex­tend its suc­cess to the rest of coun­try. High­light­ing the po­ten­tial of Balochis­tan as the next fron­tier for en­ergy re­sources, Sar­dar Shaukat Popalzai said Balochis­tan was open to in­vest­ment and de­vel­op­ment, He added, "All the ma­jor pipe­lines TAPI, IP and QP pass through Balochis­tan, and with re­moval of sanc­tions on Iran, re­gional prospects are bright. Mr. Iftikhar Rand­hwa, rep­re­sent­ing Sec­re­tary En­ergy, Govt. of the Pun­jab, gave a his­tor­i­cal back­ground of the coun­try en­ergy is­sues and dis­cussed how Pun­jab had moved for­ward briskly in ad­dress­ing en­ergy prob­lems; whereas, Mr. Tariq Rasheed of Khy­ber Pukhunkhwa Oil & Gas Com­pany opined, that the KP prov­ince has huge po­ten­tials for in­vestors.

The third ses­sion "In­vest­ment and Tech­nol­ogy for Al­ter­na­tive Op­tions" fea­tured Mr. Inam ur Rehman, CEO, Reon En­ergy who em­pha­sized the need for tech­no­log­i­cal growth to spur re­newals op­tions, while Syed Imran Shah, GM at FFC Jhim­pir Wind Power, con­cluded, by say­ing that the wind ener- gy projects in the coun­try, par­tic­u­larly in Sindh, have in­creased to a great ex­tent.

Be­ing or­ga­nized for the eighth con­sec­u­tive time, the con­fer­ence has made a mark as one of the premier events in the fed­eral cap­i­tal fo­cus­ing on the chal­lenges of the en­ergy sec­tor.

Ear­lier in his open­ing re­marks, Menin Ro­drigues, Chair­man of SHAM­ROCK Con­fer­ences In­ter­na­tional and the Con­vener of the con­fer­ence said, "It is heart­en­ing to see most stake­hold­ers in the en­ergy sec­tor par­tic­i­pate in the con­fer­ence, in­di­cat­ing the im­por­tance, both the govern­ment, the pri­vate sec­tor and in­vestor groups & coun­tries, were giv­ing to this chal­leng­ing sit­u­a­tion. I am sure the way for­ward to achiev­ing our col­lec­tive goals is to come to­gether and di­a­logue to adopt the most fa­vor­able route."

The an­nual con­clave of key stake­hold­ers at­tracted 150 del­e­gates from more than 100 com­pa­nies and or­ga­ni­za­tions that are di­rectly or in­di­rectly con­nected to the en­ergy sec­tor in Pak­istan. Dis­play stalls were setup by spon­sor com­pa­nies which pro­vided ad­di­tional at­ten­tion from the par­tic­i­pants.

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