Pakistan, US explore new avenues for energy cooperation

ISLAMABAD -- Minister for Petroleum Ali Pervaiz Malik has said Pakistan is committed to securing its energy needs.

He was talking to the US Chargé d'Affaires to Pakistan, Natalie Baker, who called on him in Islamabad today.

During the meeting, both sides exchanged views on Pakistan's energy security and measures to ensure uninterrupted fuel supply in the backdrop of the situation in the Middle East.

The Minister said teams from Pakistan and the United States are exploring new avenues for cooperation in energy sector.

Ali Pervaiz Malik said there are vast investment opportunities in Pakistan's mineral sector and projects related to the up-gradation of Pakistan's refineries can offer investment opportunities for the American financial institutions.

He said the US cooperation and the strengthening of bilateral ties will help bolster Pakistan's long-term energy security. He also expressed gratitude for the continued US cooperation in the energy sector.

Speaking on the occasion, the US Chargé d'Affaires said Washington seeks close cooperation to help meet Pakistan's energy needs.

She emphasized that creating business opportunities for American companies in Pakistan is essential, and the long-term energy supply agreements between Pakistan and the US can prove mutually beneficial.