Pakistan Petroleum Limited (PPL) has formally concluded the Assignment Agreement for the Eastern Offshore Indus Block C, marking a significant step forward in expanding energy cooperation between Pakistan and Türkiye. The milestone was announced through a filing to the Pakistan Stock Exchange (PSX) on Wednesday. According to the notice, PPL has transferred a 25% Participating Interest (PI) and operatorship to Turkish Petroleum Overseas Company (TPOC), a subsidiary of Türkiye’s national oil company TPAO. Additionally, OGDCL and MariEnergies have each secured a 20% PI in the block. PPL will retain the…
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Turkish Delegation Eyes Major New Ventures in Pakistan’s Oil, Gas & Mining Sectors
ISLAMABAD: A high-level Turkish delegation has expressed strong interest in expanding strategic partnerships with Pakistan, particularly in oil and gas exploration, energy infrastructure, and the mining sector—key areas expected to drive the shared target of USD 5 billion in bilateral trade. Federal Minister for Petroleum Ali Pervaiz Malik met on Tuesday with Türkiye’s Minister of Energy and Natural Resources, Alparslan Bayraktar, for delegation-level talks focused on deepening energy cooperation. The Turkish team included Deputy Minister Ahmet Berat, the Director General of MTIAC, the Director General of TPAO, and other senior…
Read MoreUAE Marks 54th National Day with Spectacular Celebration at the Newly Opened Zayed National Museum
Abu Dhabi, December 3, 2025: The United Arab Emirates commemorated its 54th National Day (Eid Al Etihad) with a grand and immersive ceremony held at the newly inaugurated Zayed National Museum in Abu Dhabi. The event transformed the museum into a dramatic stage where the nation’s heritage, resilience, and future aspirations were brought to life through an evocative visual and narrative performance. The ceremony was graced by the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, along with their…
Read MoreTurkish Investor Keen in Privitization of Power Sector Entities.
Islamabad : December 2, 2025 Pakistan is looking forward to the participation of experienced and reputable international private-sector investors in the bidding for the privatization of its Power Distribution Companies (DISCOs). In this regard, the participation of Türkiye’s companies, with their vast experience, is considered very important. This was stated by Federal Minister for Power, Sardar Awais Ahmed Khan Leghari, during his meeting with the Minister of Energy and Natural Resources of the Republic of Türkiye, Mr. Alparslan Bayraktar, in Islamabad today. The Federal Minister appreciated the Government of Türkiye…
Read MoreOMAP Asks SIFC to Clamp Down on Campaigns Undermining Foreign Investment
KARACHI: The Oil Marketing Association of Pakistan (OMAP) has urged the Special Investment Facilitation Council (SIFC) to take decisive action against individuals and politically motivated groups allegedly running malicious campaigns aimed at discouraging foreign direct investment (FDI) in the country. In a letter addressed to Lt Gen Sarfraz Ahmed, National Coordinator at SIFC, OMAP expressed concern over “misleading, factually incorrect and malicious advertisements” being circulated against the petroleum sector. These efforts, it said, are designed to confuse the public, sow doubt, and undermine reputable companies operating fully within Pakistan’s legal…
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