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Dutch SHV plans $100m investment in Pakistan

ISLAMABAD: SHV, a Dutch Liquid Petroleum Gas (LPG) and Oil Company, plans a $100 million investment in the Oil and Gas sector in Pakistan.

Based in Utricht, Holland, SHV will bring $50 million as soon as they finalise their agreement with Pak Arab Refinery Company (Parco).

This was said by the Chairman SHV, Piet C. Klaver who called on Minister for Petroleum and Natural Resources, Usman Aminuddin here, at the head of SHV delegation here Monday.

SHV has acquired a major shareholding in the Life-line Ñ a company dealing in LPG in Pakistan.

The delegation discussed with the Minister matters relating to mutual interest in the oil and gas sector in Pakistan. APP