October 12, 2006	Thursday	Ramazan 18, 1427

ISLAMABAD, Oct 11: Global energy giant Chevron has made its entry into Pakistan’s petroleum market.

In a letter addressed to various Ministries on Wednesday, Caltex informed that it had changed its corporate name from Caltex Oil Pakistan to Chevron Pakistan Ltd.

When contacted the General Manager Public Affairs Irfan Qureshi confirmed the news and added that the brand Caltex would remain unchanged.

Chevron is one of the biggest energy companies in the world, operating in 180 countries. Pakistan now has three of the world’s top companies operating in the petroleum sector. The other two are Shell and Total.

This move by Chevron should signal the government of confidence of international companies taking interest in Pakistan’s economic growth. The government can attract huge investment by these foreign investors by pursuing policies that will keep such international giants tied into Pakistan’s petroleum sector.