Senior Vice President of ENI Petroleum Company of Italy Umbertto Vergine along with members of his delegation called on the Federal Minster for Petroleum and Natural Resources Amanullah Khan Jadoon here on Thursday and discussed investment opportunities in the oil and gas sector.
Welcoming the delegation the minister said that there existed tremendous potential for the prospective investors in Pakistan's oil and gas sector adding that attractive package of incentives was being offered in the onshore and offshore explorations.
He said the government has made investors-friendly policies to attract investment and taking measures to further improve the incentives being offered to investors in onshore and offshore exploration. The minister invited the ENI to participate in the upcoming oil and gas projects besides increasing its activities in the explorations.
He briefed the delegation about the upcoming mega projects of LNG, oil refineries and infrastructure development. He also wished ENI for its offshore exploration endeavours.
Senior Vice President of ENI informed the Minister about the arrangements being made by this company to undertake deep sea exploration in Pakistan in the beginning of next year involving a huge investment. He said that ENI would further enhance its involvement in oil and gas activities for the mutual advantage. Additional Secretary, Shaukat Hayat Durrani, Director General petroleum Confessions, Muhammad Naeem Malik and ENI General Manger in Pakistan were also present in the meeting.