ahlam1399
06-03-2017, 01:45 PM
WASHINGTON: Pakistan’s newly appointed ambassador to the U.S. Aizaz Chaudhry is working to attract investment to his country, and that job recently brought him to Midland, reports foreign media. “It was a very good visit,” he said in a phone interview. “All of the people there are doing a wonderful job extracting oil and providing our needs.”
He said that he was in town to discuss with area businesses the opportunities that are opening up in Pakistan, particularly in the shale gas reserves the country holds. Pakistan is estimated to have approximately 10 trillion cubic feet of natural gas.
“Midland is k**wn for energy, and we’re seeing the latest tech**logy applied in Midland,” the ambassador said. Opportunities range from consulting to providing equipment and tech**logy as the country begins working developing its shale gas reserves. “There’s so much work to be done,” Aizaz said. “I wanted to tell them about the opportunities coming up and give them time to make up their minds.”
Mark Nicholas, president of Nicholas Consulting Group and who helps area companies develop international business, urged companies to use caution in venturing overseas. In some areas, he said political unrest and security are concerns. But a**ther concern is lack of infrastructure, particularly in oil and gas development efforts.
“In Texas, we’re blessed with infrastructure,” he said, whereas oil and natural gas in other parts of the world may be stranded because of a lack of infrastructure to move the product to market.
He said Pakistan lacks infrastructure and equipment such as pipeyards to hold drilling tubing and casing or sand for hydraulic fracturing. Nicholas also said that crude oil is easily transportable, either by pipe or truck, but natural gas is **t so easily transported to market. Natural gas is priced locally rather than on world markets like crude. “If there’s ** demand, natural is **t really worth anything,” he said.
Still, he said “this is the place” for countries looking for help in developing their natural resources, with companies able to sell equipment or technical k**w-how. “I think it would be wise for companies to maintain contact (with Pakistan) and keep up with developments there,” Nicholas said. “The opportunities may **t be in production but in providing equipment like drill bits.”
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He said that he was in town to discuss with area businesses the opportunities that are opening up in Pakistan, particularly in the shale gas reserves the country holds. Pakistan is estimated to have approximately 10 trillion cubic feet of natural gas.
“Midland is k**wn for energy, and we’re seeing the latest tech**logy applied in Midland,” the ambassador said. Opportunities range from consulting to providing equipment and tech**logy as the country begins working developing its shale gas reserves. “There’s so much work to be done,” Aizaz said. “I wanted to tell them about the opportunities coming up and give them time to make up their minds.”
Mark Nicholas, president of Nicholas Consulting Group and who helps area companies develop international business, urged companies to use caution in venturing overseas. In some areas, he said political unrest and security are concerns. But a**ther concern is lack of infrastructure, particularly in oil and gas development efforts.
“In Texas, we’re blessed with infrastructure,” he said, whereas oil and natural gas in other parts of the world may be stranded because of a lack of infrastructure to move the product to market.
He said Pakistan lacks infrastructure and equipment such as pipeyards to hold drilling tubing and casing or sand for hydraulic fracturing. Nicholas also said that crude oil is easily transportable, either by pipe or truck, but natural gas is **t so easily transported to market. Natural gas is priced locally rather than on world markets like crude. “If there’s ** demand, natural is **t really worth anything,” he said.
Still, he said “this is the place” for countries looking for help in developing their natural resources, with companies able to sell equipment or technical k**w-how. “I think it would be wise for companies to maintain contact (with Pakistan) and keep up with developments there,” Nicholas said. “The opportunities may **t be in production but in providing equipment like drill bits.”
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