ISLAMABAD - Pakistan and Turkiye Tuesday signed a joint bidding agreement to jointly participate in offshore bid round in the country. On the sidelines of Pakistan Minerals Investment Forum 2025, Pakistan and Turkiye have signed a joint bidding agreement to jointly participate in offshore bid round of Pakistan. In February 2025, the government of Pakistan announced an offshore block bid round, offering forty (40) offshore blocks in the Makran and Indus basins for the grant of exploration licenses.
Agreement in this regard was signed by Ahmed Turkoglu, CEO of Turkish Petroleum Corporation, and Faheem Haider (MD Mari Energies), Ahmad Hayat Lak (MD OGDCL), and Imran Abbasi (MD PPL). Minister for Petroleum Ali Pervaiz Malik and Alparslan Bayraktar, Minister of Energy and Natural Resources of Turkiye, witnessed the signing ceremony. This bid round is a significant opportunity for attracting foreign direct investment (FDI) in the country’s upstream energy sector. “We are pleased to announce that reputable Pakistani E&P companies, Mari Energies Limited, Oil & Gas Development Company Limited (OGDCL), and Pakistan Petroleum Limited (PPL), have signed a joint bidding agreement with Turkish state-owned enterprise, Türkiye Petrolleri Anonim Ortaklığı (TPAO), to jointly participate in offshore bid round. We believe that this strategic collaboration will bring much-needed FDI to Pakistan and pave the way for the sharing and deployment of international technologies, expertise, and skill sets to explore and exploit the untapped potential of Pakistan’s offshore region,” Ali Pervaiz Malik said.
While meeting the Turkish Minister for Energy and Natural resources, Ali Pervaiz Malik expressed his high hopes for Pak-Turkiye cooperation. He remarked that sieismic studies indicate significant offshore reserves. We are committed to provide full support and strongly encourage such collaborative efforts to exploring this potential. Meanwhile, a high-level Saudi delegation, led by Abdulrahman Al-Belushi, Deputy Minister for mining met with Federal Minister for Petroleum Ali Pervaiz Malik on the sidelines of the Pakistan Minerals Investment Forum 2025 to discuss enhanced collaboration in the energy and minerals sectors. Federal Minister for Commerce, Jam Kamal Khan was also present.
The meeting focused on strengthening bilateral ties and exploring investment opportunities in Pakistan’s oil, gas, and mineral resources. Minister Ali Pervaiz Malik highlighted Pakistan’s vast potential in the energy sector, particularly in minerals & mining, and reiterated the government’s commitment to facilitating foreign investors through an investor friendly policy framework. CEO of Saudi Geological survey, Abdullah Al Shamrani invited a team from Geological Survey of Pakistan to visit Saudi Arabia for knowledge sharing and technology cooperation. The delegation expressed keen interest in Pakistan’s energy and mineral sectors. Discussions also revolved around joint ventures, technology transfer, and capacity-building initiatives to maximize resource extraction and sustainable development. Minister Malik emphasized that Pakistan values its deep-rooted relations with Saudi Arabia and looks forward to increased Saudi investment in Pakistan’s energy and mining industries. He also commended the Saudi government for its continued support and assured full cooperation from Pakistani authorities.
