MOU Signed between MPCL and KUFPEC
MPCL and Kuwait Foreign Petroleum Exploration Company (KUFPEC) has signed an MOU on 13th February, 2018 for strategic cooperation to exchange technical knowledge and industry experiences, as well as jointly explore growth opportunities in local and international upstream sector.
The MOU was signed by Lt. Gen Ishfaq Nadeem Ahmad (Retd), MD/CEO MPCL and Mr. Ayyad M.E.A AlKandari, Vice President Operations, KUFPEC. The signing ceremony was held at MPCL Head Office Islamabad.
Expressing his views, Mr. Ayyad M.E.A AlKandari, said that being a Kuwaiti national company, KUFPEC holds Pakistan and MPCL in high regard due to historic brotherly relations between the two Countries. Moreover, Mr. Ayyad stated, considering MPCL’s integrated E&P capabilities, proactive presence in Pakistan’s exploration and production activities, KUFPEC would be equally looking forward to pursuing the potential opportunities with MPCL.
The Managing Director MPCL, on the occasion, stated that the signing of MOU is an important development for both the Companies which will further strengthen their existing relationship and open up new avenues of cooperation for them within Pakistan and abroad.
The MOU signing ceremony was witnessed by high ranking officials from both MPCL and KUFPEC.