The Saudi Arabian Oil Ministers, Sheik Ahmed Zaki Yamani, has announced plans to assist Pakistan develop its energy resources.
1. SV Sheik Zaki Yamani seated beside Major General (retired) Rao Farman Ali, the Pakistan Oil Minister. Yamani speaking. 1.20
2. SV Sheik Yamani answers question. 2.00
SEQ. 1: YAMANI: "I don't have to tell you what Pakistan means to Saudi Arabia but I assure you that you are number one in our hearts. If it was not for the language, I would never feel that I left Saudi Arabia for another country. It's like walking from one Saudi part to another Saudi part. I had a chance to discuss with my brother certain areas related to energy and to minerals and I was very concerned with the problem that Pakistan faces in this area, at the same time, very happy to know that the efforts taken in this field started to bear some fruit. Whatever we can do will be done and it's a duty that we perform"
QUESTION: "What has Libya received from the Pakistani supply of light Arabian crude?"
SEQ. 2: YAMANI: "Well, that was a problem faced in the past and we were able to solve it. Now you will be getting newly light crude instead of getting medium and heavy as well. The rules in Saudi Arabia that only buyer must let all sides approve of a certain ratio and proportion. We exempted Pakistan from that rule."
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Background: ISLAMABAD, PAKISTAN
The Saudi Arabian Oil Ministers, Sheik Ahmed Zaki Yamani, has announced plans to assist Pakistan develop its energy resources. Speaking at a press conference in Islamabad after discussions with the Pakistani government, Sheik Yamani also said the Saudis would consider the feasibility of a joint venture for oil exploration in Pakistan. In the past, Pakistani officials have admitted they need foreign assistance to help develop the ten known oil-bearing regions in the country. Up until now, however, Kuwait is the only government which has shown an interest in the venture.
Source: REUTERS - KAMAL HYDER