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Oman to enhance trade with Pakistan’s petroleum sector

Oman to enhance trade with Pakistan’s petroleum sector

ISLAMABAD: Oman on Thursday expressed keenness for further collaboration with Pakistan in the business of petroleum products, including liquefied petroleum gas (LPG) and gasoline.

A delegation from Oman Trading International (OTI) Ltd, led by Ambassador of Oman to Pakistan Al Sheikh Mohammed Al Marhoon and OTI Executive Director Said Al Maawali, called on Special Assistant to Prime Minister (SAPM) on Petroleum Nadeem Babar and expressed its desire to sign a Memorandum of Understanding with Pakistan LNG Limited.

The delegation also expressed willingness to increase the supply of gasoline, petroleum products and LPG.

Expressing the OTI’s desire to expand its footprint in Pakistan’s market, Said Al Mawaali termed the country as one of the key markets in the region and an important component of OTI’s expansion plans in the Middle East &North Africa and South Asian regions.

Nadeem Babar on the occasion shared the progress on reforms being made by the government in its energy sector and assured the visiting delegation that all steps would be taken to facilitate OTI’s endeavours in the Pakistani market.

He explained Prime Minister Imran Khan’s vision of reaffirming and strengthening the bonds with all foreign countries, particularly the regional countries.

Said Al Maawali said that Oman held Pakistan in high esteem and both countries were linked by shared bonds of culture, history, geography and traditions. The SAPM warmly reciprocated these sentiments of brotherhood. Both sides reiterated their mutual resolve to elevate bilateral relations between both the countries.

It may be mentioned that Oman Trading International is one of Oman’s leading conglomerates with interests in various sectors of the country’s economy.