In a simple ceremony held in Sanya, China held today, Prime Minister Shahid Khaqan Abbasi and Li Yanming, Vice President of POWERCHINA Limited witnessed signing of a Memorandum of Understanding (MoU) between Inter-State Gas Systems (ISGS) of Pakistan and Power China for laying of North-South Gas Pipeline. The pipeline would serve as a secure and continuous supply of affordable gas in areas currently showing increased demand for power generation and industrial use.
The Prime Minister also witnessed signing of another MoU between Pakistan State Oil (PSO) and Power China for construction of up-country deep conversion oil refinery and laying of crude oil pipeline. This project will help in reducing costs of petroleum products currently being transported via road from refineries in southern parts and also ensure uninterrupted supply.
Foreign Minister Khawaja Muhammad Asif, Pakistan’s Ambassador to China Mr. Masood Khalid, Chinese Ambassador to Pakistan Mr. Yao Jing and senior officials were also present on the occasion.