Oil ministers finalize MOU for pipeline study

June 10, 2002
Oil ministers met late last month to finalize the draft memorandum of understanding (MOU) for the prefeasibility study of the proposed Turkmenistan-Afghanistan-Pakistan oil and gas pipeline project.

By OGJ editors

KARACHI, June 10 -- The oil ministers of Pakistan, Turkmenistan, and Afghanistan met late last month to finalize the draft memorandum of understanding (MOU) for the prefeasibility study of the proposed Turkmenistan-Afghanistan-Pakistan oil and gas pipeline project.

Pakistani Minister for Petroleum and Natural Resources Usman Aminuddin, Minister for Oil and Gas of Turkmenistan Gurbamanov Nazarov, and Afghan Minister for Mines and Industry Muhammad Alam Razm led their respective countries' delegations at the talks.

Usman Aminuddin said that early implementation of the proposed project will usher in a new era of progress and prosperity for the people of the member countries and pave the way to enhance bilateral interactions, particularly in the oil and gas sector.

He added that Pakistan was fast developing Pakistan's third Gwadar deepwater port and coastal area, which would become a hub of oil and gas activity.

The ministers of Afghanistan and Turkmenistan said they hope that the project would play a crucial role in development of the region.