Pakistan’s Oil and Gas Development Company has signed a Memorandum of Understanding with Chinese company CCDC for exploration of shale and tight gas potential in Pakistan.

Minister for Petroleum Dr Musadik Malik witnessed the MOU signing ceremony at Xian in Shaanxi province of China during the ongoing 8th Silk Road International Expo for investment and trade forum.

The MOU underscores commitment of both the brotherly 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.

The Federal Minister thanked 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.

The cooperation on shale and tight gas between OGDCL and CCDC will open up a whole new chapter of untapped energy potential that Pakistan possesses.

Source: Radio Pakist
an