Pakistan and Turkiye signed energy and mining agreements worth over $300 million, focusing on offshore drilling and new exploration. The deals aim to strengthen bilateral trade and energy sector investment. PM Shehbaz Sharif and Turkish Energy Minister Alparslan Bayraktar attended the signing ceremony in Islamabad.
The agreements include the Indus Offshore C Block, Ziarat North Block, Sukhpur II Block, and Offshore Deep C and Deep F Blocks. Mari Energies, OGDC, PPL, and Turkish Petroleum Overseas Company will act as joint partners. These deals will enhance oil and gas exploration, energy infrastructure, and mining cooperation between the two countries.
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Turkish Petroleum will open an office in Islamabad with ten Turkish staff working alongside local employees. Both sides also plan to form a joint trading company to supply petroleum to meet mutual energy needs. Officials emphasized that this collaboration will deepen long-term strategic ties and increase investments in key sectors.
Senior officials from Mari Energies, OGDC, and Pakistan Petroleum Limited briefed on current operations and future plans. OGDC highlighted its shale gas pilot, tight gas field development, and the Reko Diq copper-gold project. Turkish firms were encouraged to join Pakistan’s unconventional hydrocarbon programme, aiming for more efficient energy exploration and production.
Read more: Pakistan, Turkiye strengthen energy and mining ties
Officials said the agreements will support Pakistan’s energy security and attract private investment in upcoming power distribution privatisation. Turkish expertise is expected to guide Pakistan in modern energy management. Both countries committed to further collaboration in exploration, mining, and strategic energy initiatives, boosting regional economic cooperation.