Italian Ambassador H.E Mr Stefano Pontecorvo called on Special Assistant to Prime Minister on Petroleum Mr Nadeem Babar in his office, today.

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Ambassador explored the opportunities to improve investment ventures by Italian companies in energy sector of Pakistan. He highlighted areas of cooperation between both countries in trade, manufacturing, assembly and industries. H.E Mr Stefano also apprised Special Assistant to Prime Minister on Petroleum about problems of Italian companies operating in energy sector and requested him to resolve them.

Special Assistant to Prime Minister Mr Nadeem Babar assured him complete cooperation with Italian companies working in energy sector.He said that our government had an open door policy for investment. We would facilitate Italian companies operating in energy sector of Pakistan. He also informed ambassador about exploration and production opportunities in gas & oil blocks. He apprised him that Petroleum division would hold an open bidding new oil and gas exploration blocks by the end of this year. He said that we were looking forward active participation from Italian companies in bidding process of new blocks.

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