ISLAMABAD – In a landmark collaboration, Pakistan and Turkiye have signed a Joint Bidding Agreement to explore offshore oil and gas reserves. The agreement was finalized during the Pakistan Minerals Investment Forum 2025, held in Islamabad.
The partnership involves leading Pakistani companies—Mari Energies Limited, Oil & Gas Development Company Limited (OGDCL), and Pakistan Petroleum Limited (PPL)—joining forces with Turkiye’s state-owned Turkish Petroleum Corporation (TPAO). Together, they will bid for exploration licenses across 40 offshore blocks located in the Makran and Indus basins.
Minister for Petroleum Ali Pervaiz Malik highlighted the untapped potential of Pakistan’s offshore regions, citing seismic studies that indicate significant reserves. Turkish Minister of Energy Alparslan Bayraktar praised Pakistan’s efforts in organizing the forum and expressed Turkiye’s commitment to enhancing bilateral energy cooperation.
This agreement marks a new chapter in Pakistan-Turkiye relations, paving the way for strategic investments and technological advancements in Pakistan’s energy sector.
