A Memorandum of Understanding (MOU) has been signed between OGDCL Pakistan and CCDC, the most prominent name in drilling and oil fields services in China. This is said to have happened during the 8th Silk Road International Expo for investment and trade forum in China.
The MoU states the formation of a collaboration between both the countries for the development of Shale and tight gas potential of Pakistan with an aim to alleviate energy needs of the country through indigenous resources. Mumtaz Ali Soomro Executive Director (Production) from OGDCL and Zhang Zhidong Vice President of CNPC Chuanging Drilling Engineering Company LTD signed the MoU for their respective organizations. Federal Minister of Energy (Petroleum Division) Musadik Malik and Ambassador of Pakistan to China Khalil Hashmi were also present on the occasion.
The Federal minister expressed gratitude for the Chinese side for hosting Pakistan as the country of Honor and hoped the cooperation and collaboration between the two countries will only strengthen in times to come in all areas of the energy sector for mutual benefit of both nations.
