ISLAMABAD, Asharq Al-Awsat – Pakistan and Hungary have agreed to expand cooperation in the oil and gas sectors for their mutual advantage.

These views were expressed in a meeting between the visiting Hungarian Foreign Minister, Ms. Kinga Gonez, and Minister for Petroleum & Natural Resources Amanullah Khan Jadoon, says an official statement.

The two sides agreed that there existed a lot of potential and expertise for exploring new avenues of interaction in this vital field of economy to bring the two countries closer.

Jadoon spelled out the priority being given to promoting oil & gas sectors by the Government as a key element for overall socio economic development of the country. He invited the Hungarian investors to take advantage of the investment opportunities in the onshore and offshore exploration, upcoming liquefied natural gas (LNG), oil refineries and infrastructure development projects.

Ms. Kinga Gonez appreciated the tremendous growth of Pakistan’s petroleum sector in last few years and investor-friendly policies being pursued by the government to attract investment.

She said that her visit to Pakistan would open new vistas of cooperation in diversified fields particularly in the oil & gas sectors for the mutual benefit of the two countries. She expressed keenness of Hungarian companies to participate in the upcoming Pakistan’s oil & gas projects.