Islamabad: A delegation of Russian businessmen, led by Ildar Mingaleev, Deputy
Minister Ministry of Industry and Trade of the Republic of Tatarstan, visited
the Islamabad Chamber of Commerce and Industry (ICCI), expressing their
interest in investing in Pakistan’s energy and automobile sectors.
“The delegation has held negotiations with Pakistan Petroleum Limited
(PPL) and Oil and Gas Development Company (OGDC) to explore the possibility of
joint ventures in the oil and gas exploration field,” said Mingaleev.
“Russia’s largest energy company Gazprom is interested in supplying LNG
to Pakistan while RT Global Resources, part of the Russian state corporation
Rostec, will construct a 1,100km North-South gas pipeline in Pakistan by 2020
to link LNG terminals from Karachi to Lahore.”
Russian investors are also interested in investing and entering into
joint ventures for the manufacturing of heavy-duty trucks, passenger cars and
other specialised vehicles, shipbuilding and manufacturing of gas turbines and
compressors.
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