Source Daily Times
Dew Resources PTY Ltd, is a company incorporated under the laws of Australia, proposed to build a pipeline of approximately 250 kms of 14-18” diameter to transport 36,000 barrels of crude oil per day from Kohat area to Attock Refinery Ltd (ARL) and other refinery on Build Own Operate (BOO) basis.
Dew Resource PTY Ltd, Australia Chairman Prof Colin Roberts accompanied by DRL Chief Executive Shahid Karim and NCOPP Project Director Naisr Hameed called on Board of Investment (BoI), Islamabad Chairman Mohammad Zubair to explore avenues to channel foreign direct investment in Pakistan and seek support from BoI on Northern Crude Oil Pipeline project (NCOPP), Kohat.
Presently crude oil is being transported by trucks which is very expensive and risky also. They are also intend to prepare a feasibility study for their pipeline project from Kohat oil field to Attock Refinery Ltd and other oil fields of the country.
The benefits from proposed pipeline is expected to increase strategic oil storage capacity, safe transportation base, stimulation of foreign direct investment (FDI) in the areas of the North West Pakistan to the tune of $75 million, creation of employment opportunities for thousands of people during the project phase. It will improve delivery time of crude oil transportation. The risk of delay transportation due to road blockage, processions and civil unrest will be minimised.
During meeting the BoI chairman has informed them about the new government policy initiatives and its top priority to overcome on energy crises including oil & gas, security issues and attraction of FDI to put Pakistan on a fast track to attain sustainable economic growth. The BoI chairman has said that BoI will fully support the NCOPP even from Ministry of Petroleum and Natural Resources as and when required for mutual benefit of the two countries. The government is also focusing on oil transportation infrastructure to promote industries in Pakistan.
The delegation showed his keen interest for investment in Pakistan in pipelines, oil and gas projects etc and at the end the delegation thanked the BoI chairman for his full support and cooperation.
Dew Resource PTY Ltd, Australia Chairman Prof Colin Roberts accompanied by DRL Chief Executive Shahid Karim and NCOPP Project Director Naisr Hameed called on Board of Investment (BoI), Islamabad Chairman Mohammad Zubair to explore avenues to channel foreign direct investment in Pakistan and seek support from BoI on Northern Crude Oil Pipeline project (NCOPP), Kohat.
Presently crude oil is being transported by trucks which is very expensive and risky also. They are also intend to prepare a feasibility study for their pipeline project from Kohat oil field to Attock Refinery Ltd and other oil fields of the country.
The benefits from proposed pipeline is expected to increase strategic oil storage capacity, safe transportation base, stimulation of foreign direct investment (FDI) in the areas of the North West Pakistan to the tune of $75 million, creation of employment opportunities for thousands of people during the project phase. It will improve delivery time of crude oil transportation. The risk of delay transportation due to road blockage, processions and civil unrest will be minimised.
During meeting the BoI chairman has informed them about the new government policy initiatives and its top priority to overcome on energy crises including oil & gas, security issues and attraction of FDI to put Pakistan on a fast track to attain sustainable economic growth. The BoI chairman has said that BoI will fully support the NCOPP even from Ministry of Petroleum and Natural Resources as and when required for mutual benefit of the two countries. The government is also focusing on oil transportation infrastructure to promote industries in Pakistan.
The delegation showed his keen interest for investment in Pakistan in pipelines, oil and gas projects etc and at the end the delegation thanked the BoI chairman for his full support and cooperation.
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