Khyber Pakhtunkhwa – the other side of the picture  “Gone are the days when law and

Khyber Pakhtunkhwa – the other side of the picture

 “Gone are the days when law and order would keep the investors away from investment in particular area,” said Raziuddin, CEO of Khyber Pakhtunkhwa Oil and Gas Company.

“Chinese are working in Karak, a southern district of Khyber Pakhtunkhwa rich with oil and gas. Thanks to video-conference facility, Beijing and Karak are in touch and doing business,” said Mr Raziuddin while talking about the rich oil and gas prospects of Khyber Pakhtunkhwa in an event held recently. Security concerns may have been hurdle to the full exploitation of the potential of the area, still 10 companies are working in Southern districts rich with oil and gas, he said.

“Khyber Pakhtunkhwa is not as dangerous as Siberia or other countries in Africa where companies are working in oil and gas fields,” he said.

While he talked of how with just 10 million dollars any one could invest in oil and gas as the KPOGC was going to help with all the formalities, some investors from Gulf already seemed to have started taking interest. (more)

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