ISLAMABAD, March 17: Minister for Petroleum and Natural Resources Amanullah Khan Jadoon said on Saturday that as a result of vibrant policies of deregulation liberalisation and privatisation, the petroleum sector has witnessed a tremendous growth in the last few years.

Talking to the managing director of Hungarian MOL Company, Janos Feher, who called on him to discuss matters pertaining to promoting cooperation in the oil and gas sector, the minister said that the government would encourage and facilitate prospective investors in onshore and offshore oil and gas exploration.

He said that the new petroleum policy would give impetus to the ongoing oil and gas exploration.

He appreciated the MOL’s contribution for boosting the oil and gas exploration activities in NWFP and asked the company to participate in other parts of the country for the mutual advantage.The MD of MOL briefed the minister about the oil and gas exploration activities being undertaken by his company in the NWFP.

He lauded the investor-friendly policies being pursued by the government attracting investment in the country.

Petroleum secretary Ahmad Waqar and member of MOL delegation were present in the meeting.—APP