Pakistan, Gazprom seek oil, gas cooperation

Oct. 10, 2005
Pakistan has signed a 1-year memorandum of understanding, effective Oct. 7, with JSC Gazprom of Russia for cooperation in oil and gas projects.

By an OGJ correspondent
KARACHI, Oct. 10 -- Pakistan has signed a 1-year memorandum of understanding (MOU), effective Oct. 7, with JSC Gazprom of Russia for cooperation in oil and gas projects. Possible areas of work include gas storage, oil and gas exploration and production, development, and research of Pakistan's untapped energy resource potential—particularly offshore—and converting diesel vehicles to CNG.

Gazprom also is interested in acquiring at least part of Oil & Gas Development Co. Ltd. and Pakistan Petroleum Ltd. It further showed interest in development of the Iran-Pakistan-India gas pipeline project.

In addition, the MOU outlined a plan for Gazprom to provide train Pakistani oil and gas workers in Russia.