ISLAMABAD, Nov 17: Canadian Heritage Company (CHC) has decided to invest in oil and gas exploration sector of Pakistan.
This was disclosed by chief executive of the Canadian oil and gas company Smith Brian in a meeting with Caretaker Federal Minister for Petroleum and Natural Resources Ahsan Ullah Khan here on Saturday.
An official announcement said that Mr Brian briefed the minister about his company’s joint venture to be undertaken in Sanjawi block falling in the Loralai and Kohlu districts of Balochistan for exploration of oil and gas with an initial investment of over $10 million.
The minister welcomed the Canadian company’s investment plan and assured full cooperation in this regard.
Secretary Petroleum Farrukh Qayyum, chief executives of Sprint and Trekker oil and gas companies and senior officials of the petroleum ministry were also present during the meeting, added the announcement.