Staff Reporter
ISLAMABAD, : Pakistan and Turkiye have signed a Joint Bidding Agreement to jointly participate in Pakistan’s upcoming offshore bid round, aimed at exploring energy reserves in the country’s offshore basins.The agreement was signed on the sidelines of the Pakistan Minerals Investment Forum 2025. It marks a significant step toward strengthening energy cooperation between the two brotherly nations.In February 2025, the government of Pakistan launched an offshore block bid round, offering 40 exploration blocks in the Makran and Indus basins. This initiative is seen as a major opportunity to attract foreign direct investment (FDI) in Pakistan’s upstream energy sector.Federal Minister for Petroleum Ali Pervaiz Malik announced the signing, stating: “We are pleased to share that Pakistan’s leading exploration and production companies—Mari Energies Limited, Oil & Gas Development Company Limited (OGDCL), and Pakistan Petroleum Limited (PPL) have entered into a Joint Bidding Agreement with Turkiye state-owned oil and gas company, to jointly participate in the offshore bidding round.”He expressed optimism that the partnership would bring in much-needed investment and help introduce advanced international technology and expertise into Pakistan’s energy sector.
