ISLAMABAD, Pakistan: The Polish ambassador to Pakistan Piotr Opalinski on Wednesday expressed confidence that Pakistan-Poland trade volume would increase in the coming days as Pakistan was an attractive destination for foreign investment in diverse fields.
In an interview with the state-run news agency in Islamabad, the ambassador said that the trade volume between Pakistan and Poland stood at around Rs48 billion during the year 2016.
The Police ambassador said that both Pakistan and Poland were enjoying good friendly and brotherly relations and these would further augment with each passing day.
“Pakistan and Poland have been enjoying cordial relations since Pakistan came into being,” he said.
While answering a question, Piotr said that a Polish oil and gas company PGNiG was operating in Pakistan since 1997, which has planned to step up its exploration and production activities and take the business volume to $100 million per year.
The company would drill 14 more oil and gas exploration wells in hydrocarbon potential areas and play an important role in meeting Pakistan’s growing energy needs, he added.
Envoy said that the PGNiG has so far invested more than $125 million in Pakistan, adding that current daily production from the Rehman field stood at 24 mmscfd from four producing wells, which would be increased up to 90 mmscfd gas with full field development.
The Polish ambassador said that the increase in production required advanced technologies (horizontal wells, multiple transverse hydraulic fracturing) for which an investment of more than $300 million would be made.
“PGNiG is in active pursuit to increase it footprint in the Pakistani’s upstream oil and gas sector and is also interested to develop the shale gas deposits here,” he remarked.
In addition to investment in the oil and gas sector, he said that efforts were in hand to enhance cooperation in the defence and defence production sectors.
