* Federal Minister for Petroleum and Natural Resources Naveed Qamar says bids for new oil exploration blocks in June
By Ijaz Kakakhel
ISLAMABAD: Poor law and order situation has affected the oil and gas exploration activities and portraying a positive image of Pakistan across the world is essential for investment in oil and gas exploration activities, said Federal Minister for Petroleum and Natural Resources Naveed Qamar.
Addressing a seminar in Islamabad on Thursday he said the government will take bids for new oil and gas exploration blocks by June this year.
The minister said Pakistan was still offering enormous profitable opportunities to oil and gas exploration companies as they are benefiting from the favourable atmosphere.
“Consultations with Iran on Iran-Pakistan gas pipeline are on advance stage and the final agreement will be signed before February 15,” he maintained. He said Pakistan was facing a lo…