Murad signs MoU with St. Petersburg for cooperation in energy, oil, gas

04 May 2018

Sindh Chief Minister, Syed Murad Ali Shah has said that Pakistan’s close association with Russia is very important in the emergence of a multipolar world and changing power configurations world-wide and the cooperation between both the countries would bring prosperity to the entire South Asian region.

This he said while talking to a high-power delegation of Saint Petersburg, Russia led by its Vice Governor Sergej N. Movchan here at CM House, said a statement on Wednesday.

The delegation consisted of leading companies from St. Petersburg, Russia in the fields of energy, oil and gas, textile and fashion industry, light industry, pharmaceuticals and others.

The objective is to create business linkages to enhance bilateral trade leading to meaningful cooperation.

He said that the current phase between the two countries is very promising and very encouraging.

Sindh Chief Minister Syed Murad Ali Shah and Vice Governor of St Petersburg, Sergej N. Movchan signed memorandum of understanding (MOU) for further cooperation in education, energy, oil, & gas, textile, water filtration and pharmaceutical field.

The CM Sindh said that the trade links have existed historically between the two countries, but the volume of trade needs to be increased exponentially so that both countries can reap more benefits from it.

In the meeting it was agreed that the Saint Petersburg would provide technical assistance and technology in the treatment of waste water and desalination of sea water.

The CM Sindh also invited Saint Petersburg and Russian business community to invest in Thar Coal mining and power generation.

He also added that Russians have expertise in ports and shipping sector. The Sindh government is interested to develop Keti Bander ports and jetty, he said.

He invited Russian firms to come over and take benefit from business opportunities in Sindh.

There have been frequent high-level visits over the past few years, and interaction between the two-sides compared to the past has been intense, he added.

It may be noted that that on the occasion of 70th anniversary of diplomatic relationship between Pakistan and Russian Federation the reciprocal visit by Vice Governor of Saint Petersburg, Sergej N. Movchan along with a high-level business delegation is visiting Karachi, from April 24-26 is being carried out to Sindh as part of strengthening the relationship between Province of Sindh, Pakistan and St. Petersburg Russia.