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British Companies to Invest in the E&P Sector

As per the official statement released on Tuesday, the Government of Pakistan has invited British companies to invest in the E&P sector. For this purpose, a three-round bidding process is going to be initiated to grant new exploration blocks.

In conversation with Simon Penny, Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar said, “It is hoped that British businessmen and investors will actively participate in the E&P roadshow, scheduled to be held in London soon.”

The British trade commissioner Simon Penny was in Pakistan as part of his visits to Commonwealth member countries to boost trade ties after the United Kingdom’s exit from the European Union -Brexit.

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