Pakistan and Oman to Boost Bilateral Ties in Petroleum Sector

bilateral ties

Pakistan and Oman have agreed to boost bilateral ties in the petroleum sector, as per the reports of local media on Thursday.

The agreement was done during a meeting between Nadeem Babar—the Special Assistant to Prime Minister on Petroleum and Oman Trading International (OTI) Ltd in the capital city.

The delegation from Oman showed the desire of expanding its footprint in the Pakistani market. The delegation that was headed by Sheikh Mohammed Al Marhoon—the Oman Ambassador and Mr Said Ali Maawali, displayed a keen interest in getting engaged with the Petroleum Sector of Pakistan including the signing of an MoU with the Pakistan LNG Limited, surging the gasoline volumes, LPG and petroleum products.

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While speaking on the occasion, Nadeem Babar gave assurance to the visiting delegation that all measures would be taken for facilitating the OTI’s activities in the Pakistani market.

Both parties reiterated their mutual resolve for enhancing the bilateral ties between both the nations.

Previously on the 31st of January, Pakistan and Oman promised to boost the bilateral ties by enhancing trade and investment.

As per a joint statement released after the meeting of Shah Mehmood Qureshi—the Foreign Minister and the Omani Deputy Prime Minister—Syed Fahad Bin Muhammad Al Syed in Muscat, the two nations had taken the decision for improving their bilateral trade and economic relations.

Shah Mehmood Qureshi had said that they had signed multiple memoranda of understandings (MoUs) related to training, labour and investment.

He asked the investors from Oman to make an investment in Pakistan and to take advantage of the business-friendly environment.

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