China and Pakistan will hold a joint study and prepare ''Development Plan of Pakistan Oil and Gas Industry'' in order to provide guidelines and technical support for the promotion of oil and gas projects'' cooperation between China and Pakistan.
Both sides agreed that the China Petroleum Planning and Engineering Institute (CPPEI), CNPC along with expert panel of Ministry of Energy (Petroleum Division) will complete the study by end of November 2018 under head of China-Pakistan Economic Corridor (CPEC).
In first sub-group of oil and gas meeting, both sides discussed plans for the China-Pakistan oil and gas expert group to promote cooperation framework and plan and work plan for expert group for the next 6 months. The first expert panel of sub-group meeting between National Energy Administration (NEA) of China and Ministry of Energy (Petroleum Division) of Pakistan was held in April in Islamabad.
Pakistan expert group already briefed Chinese side about multiple avenues available in the oil and gas sector ie onshore and offshore exploration and production, import infrastructure, deep conversion mega oil refineries (with or without petrochemical plant), oil and gas pipeline, storages and import of refined (POL products) under government to government (G2G) and BOOT, EPC+F, PPP modes (to be determined on case to case basis subsequently).
In order to complete ''Development Plan of Pakistan Oil and Gas Industry'' in time, the experts'' panels of Pakistan shall provide necessary information and data as per timeline specified.
Pakistan will provide the relevant materials to Chinese side by May 31, 2018 and both sides will maintain confidentiality and will not share data with any third party without mutual consent. Whereas, Chinese party will present the plan (draft version) and experts group of both sides will discuss and review by August 30, 2018.
The group will be responsible for regular communications and to finalize the monthly communication mechanism to be set up between the experts from both sides and to arrange mutual visits of the experts whenever required.
On July 4, 2017, Pakistan and China agreed to establish a gas sub-group aimed at facilitating the existing and future oil and gas sector projects. The agreement reached during a meeting of the Chinese delegation that headed by Administrator National Energy Administration (NEA) NurBekri called on then Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi.
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