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Foreign investment by Vitol, Hascol discussed

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Staff Reporter

Islamabad

Senior Directors of Vitol , CEO Hascol, Saleem Butt & Chairman Hascol, Mumtaz Hasan Khan met Prime Minister, Mr. Imran Khan accompanied by Finance Minister, Hafeez Shaikh, Minister of Petroleum, Omar Ayub and Advisor on Petroleum, Mr Nadeem Babar.
The discussion revolved around the current foreign investment by Vitol and Hascol in Oil Marketing and Storage Infrastructure of the Country and future plans to invest in areas of Oil and LPG infrastructure and LNG sectors.
Hascol Petroleum Limited has invested over Rs. 33 Billion in storage and retail infrastructure across Pakistan.
Collaborative investments by Hascol & Vitol have significantly contributed to address the shortage of petroleum storages in the country and to uplift the country’s economy.
Both the organizations are geared towards further uplifting Pakistan’s infrastructure to support the Government’s vision.

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