Turkey expands strategic footprint in Pakistan

News Image

Hayyan Mansuri | December 03, 2025 at 10:51 AM GMT+05:00

0:00

December 03, 2025 (MLN):  Pakistan and Turkey have strengthened their bilateral energy cooperation with the exchange of Memorandums of Understanding and petroleum concession agreements, covering key offshore and onshore blocks including Eastern Offshore Indus-C, Ziarat North, Sukhpur-II, Deep C, and Offshore Deep F.

These agreements mark a major milestone in exploration and investment, signaling a new phase of collaboration in energy, mining, and sustainable development, according to a press release issued.

As Turkey’s Minister of Energy and Natural Resources,  Alparslan Bayraktar, called on Prime Minister Muhammad Shehbaz Sharif at the Prime Minister House during his official visit to Islamabad, discussions focused on enhancing energy partnerships and expanding Turkish investment in Pakistan’s energy market.

The Prime Minister expressed satisfaction with the positive trajectory of bilateral relations and emphasized the importance of cooperation in energy, petroleum, and mineral sectors.

Both leaders highlighted the growing role of Turkish Petroleum in Pakistan’s offshore and onshore exploration activities, describing it as a key milestone in bilateral energy collaboration.

They also agreed that a Pakistani ministerial delegation will soon visit Turkey to explore further cooperation, especially in the power and energy sectors.

The meeting was attended by Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar, Minister for Petroleum Ali Pervaiz Malik, Minister for Power Sardar Awais Khan Leghari, Special Assistant to the Prime Minister on Foreign Affairs Syed Tariq Fatemi, and other senior government officials.

In a concrete step following these agreements, PakistanPetroleum Limited (PPL) has executed an Assignment Agreement transferring operatorship of the Eastern Offshore Indus Block C to Turkish Petroleum Overseas Company (TPOC).

The move represents a key milestone in Pakistan’s offshore exploration ambitions and  further reinforces the long-term strategic energy partnership between Pakistan and Turkey.


Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 166,938.10
126.04M
-0.42%
-704.18
ALLSHR 100,845.48
297.25M
-0.33%
-334.40
KSE30 50,697.08
80.93M
-0.59%
-303.09
KMI30 238,945.01
68.21M
-0.65%
-1563.50
KMIALLSHR 65,754.54
125.47M
-0.35%
-231.98
BKTi 45,338.45
17.55M
-0.21%
-95.91
OGTi 32,905.89
5.07M
-0.12%
-40.09
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 93,855.00 94,020.00
91,405.00
2400.00
2.62%
BRENT CRUDE 62.49 62.57
62.18
0.04
0.06%
RICHARDS BAY COAL MONTHLY 91.00 0.00
0.00
1.10
1.22%
ROTTERDAM COAL MONTHLY 99.40 99.55
96.45
1.85
1.90%
USD RBD PALM OLEIN 1,016.00 1,016.00
1,016.00
0.00
0.00%
CRUDE OIL - WTI 58.68 58.75
58.37
0.04
0.07%
SUGAR #11 WORLD 14.97 15.07
14.72
0.21
1.42%

Chart of the Day


Latest News
December 03, 2025 at 11:20 AM GMT+05:00

Pakistan, Egypt set trilateral export plans


December 03, 2025 at 10:58 AM GMT+05:00

Govt exempts all exports from Export Development Surcharge


December 03, 2025 at 10:51 AM GMT+05:00

Turkey expands strategic footprint in Pakistan


December 03, 2025 at 10:29 AM GMT+05:00

Haleon Jamshoro bags TRUE Platinum Certification


December 03, 2025 at 10:20 AM GMT+05:00

PPL transfers operatorship of Indus Block C to TPOC



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg