A delegation of Kuwaiti Noor Financial Investment Company discussed with Minister for Petroleum and Natural Resources Amanullah Jadoon matters pertaining to the proposed refinery being set up by the company at Port Qasim Karachi with an investment of $1.5 billion, according to an official statement. The Minister welcomed the company's investment and said it would be a milestone in Pak-Kuwait brotherly relations. Jadoon said the government has de-regulated the petroleum sector and was providing attractive package incentives to the prospective investors in an investor-friendly climate. The Minister said there existed a lot of potential for the investors in oil and gas activities and privatization process of state owned units. He invited the Kuwaiti company to participate in the oil and gas activities for the mutual advantage. The Minister said the government would facilitate the Kuwaiti company for the setting up oil refinery and assured them his full cooperation in this regard. Deputy Chairman of the Kuwaiti company Nasser Al Marri briefed the Minister about the worldwide activities of the group and appreciated the growth of oil and gas industry in Pakistan in last few years. He said that his company would also take part in the oil and gas units privatization activities for the mutual advantage.
