Pakistan and Türkiye have signed a set of gas and mining agreements worth more than US$300 million, marking one of Türkiye’s most substantial recent investments in Pakistan’s energy and minerals sector. The agreements were signed in Islamabad during a visit by Türkiye’s Minister of Energy and Natural Resources, Alparslan Bayraktar, at the head of a high-level delegation.
What Was Signed
The centerpiece of the agreements is an assignment deal transferring 25% working interest and operatorship of the Offshore Indus Block-C from Pakistan Petroleum Limited (PPL) to the state-owned Turkish Petroleum Overseas Company (TPOC), with Mari Energies and Oil & Gas Development Company (OGDC) remaining as joint-venture partners.
Starting in early 2026, TPOC is set to begin exploration across three offshore blocks and two onshore fields in Pakistan. Separate exploration licences were also granted for the Offshore Deep-C and Offshore Deep-F blocks, involving Mari Energies, TPOC, and Fatima Petroleum.
Why It Matters
Speaking during the visit, Minister Bayraktar said deeper energy and mining collaboration would contribute significantly to Pakistan and Türkiye’s shared target of reaching $5 billion in annual bilateral trade. For Pakistan, the deal brings offshore exploration expertise as the country looks to diversify its energy sources and attract foreign investment in its petroleum and minerals sector.
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