ISLAMABAD - Analyst Rasool Bukhsh Raees said that government intends to attract foreign investors through new petroleum policy 2012.
Talking to PTV, he said that government should provide a conducive atmosphere to attract the foreign investors. He said that the country has vast energy deposits, especially gas and coal resources are in abundance in the country and self-exploration of energy resources and a conducive environment for foreign investors in energy sector can resolve the energy crisis.
He said that government should take steps to overcome the issues of corruption and other bureaucratic hurdles in this regard and to ensure security of foreign investors in the country for providing a healthy environment for foreign investment.
Meanwhile, talking to APP, a businessman Zaheer Ahmed said that under the new policy, the government would increase the availability of gas by exploring new gas fields across the country.
There are abundant reserves of gas and oil available in Sindh, Balochistan and other parts of the country and these all would be explored to end the existing energy crisis in the country, he said.
Moreover, the better gas price and decrease in levy would attract foreign investment to materialize the target of maximum exploration, he said.
Quoting Dr Asim Hussain, Advisor to Prime Minister on Ministry of Petroluem and National Resources (MPNR), he said that the loadshedding would be ended by the coming winter which would be positive for the economic activities in the country.
Appreciating the new petroleum policy, another businessman Shahid Ali said that the fertilizer sector would be the biggest beneficiary because the gas supply would be provided uninterruptedly.
The revision of well-head price would benefit the oil sector especially exploration companies in the country. He said that the petroleum policy 2012 would resolve the energy crisis in the country.