XI’AN (NPTV/Radio Pakistan): Federal minister of Petroleum Dr Musadik Malik visited the YanChang Petroleum, a leading Chinese energy company, on the sidelines of 8th Silk Route Expo in China.
The visit underscores both nations’ commitment to enhancing strategic partnerships in the fields of energy exploration, innovation, and sustainable development.
Senior leadership of YanChang Petroleum gave Dr Musadik Malik an in-depth overview of the company’s ongoing projects and future growth strategies.
The discussion focused on several key areas, including oil and gas exploration, refinery cooperation, integrated coal industrial complex, and technological innovations.
The Minister highlighted the importance of international collaboration to meet the growing energy demands
He said Pakistan and China have shared goals in ensuring energy security, and this visit is an opportunity to explore new avenues for cooperation that align with both nations’ commitments to innovation in the energy sector.
The Minister was also informed about company’s latest advancements in energy technologies, including renewable energy integration and carbon capture initiatives.
It is noteworthy that YanChang Petroleum is one of China’s leading energy companies with a diversified portfolio spanning oil and gas exploration, production, and refining, as well as significant investments in production of sophisticated chemicals like ethanol.
Earlier, Minister for Petroleum had invited Chinese enterprises, especially those from Shaanxi province, to invest in Pakistan’s energy and petroleum sectors.
He was addressing the China (Shaanxi)-Pakistan Conference for Economic and Trade Cooperation on the sidelines of 8th Silk Road International Expo at Xi’an, Shaanxi Province in China on Friday.
The Minister thanked the Shaanxi Government for inviting Pakistan as the Guest Country of Honor and for the facilitation in setting up the Pakistan Pavilion at the expo.
Musadik Malik said Pakistan’s participation in expo was a tangible follow-up of the visit of Prime Minister Shehbaz Sharif to Xi’an earlier this year.
He underscored that top companies from Pakistan specializing in upstream, mid-stream and downstream petroleum and coal companies are looking to work with Shaanxi Companies to collaborate through investment, joint ventures and technology transfer.
Dr Musadik Malik underscored on efforts to deepen provincial-level cooperation, with a focus on enhancing Business to Business linkages across sectors such as mining, petroleum and energy, and technology.
He reaffirmed Pakistan’s commitment to working together to create shared growth, sustainable development, and enduring friendship, based on win-win cooperation.
Newspakistan.tv/Radio Pakistan
