Key Takeaways
- Pakistan's Petroleum Minister Ali Pervaiz Malik met with US Chargé d’Affaires Natalie Baker.
- The meeting focused on increasing cooperation in the energy sector, particularly in oil refinery upgradation.
- US companies are invited to participate in the upcoming Pakistan Minerals Investment Forum.
Pakistan has formally requested investment from US financial institutions for the upgradation of its oil refineries, as discussed during a recent meeting between Petroleum Minister Ali Pervaiz Malik and US Chargé d’Affaires Natalie Baker.
Malik briefed Baker on Pakistan’s efforts to ensure energy security amid regional challenges, particularly the ongoing conflict in the Middle East which has affected fuel availability.
The minister highlighted that the ongoing engagement between the teams of both countries aims to explore opportunities for cooperation, with a specific focus on the upgradation programme of Pakistan’s refineries.
Baker congratulated Pakistan on managing fuel supply efficiently despite regional challenges and expressed interest in working closely with Pakistan to address its energy needs.
She emphasized the importance of creating opportunities for US companies in Pakistan and expressed optimism about establishing long-term energy supply contracts that would be mutually beneficial.
During the meeting, the managing directors of Pakistan State Oil and Pakistan LNG Limited briefed the participants on the interest shown by US companies in LNG supply to Pakistan.
Malik invited US companies to participate in the upcoming Pakistan Minerals Investment Forum, highlighting the investment opportunities available in the country.
The minister expressed deep appreciation for US support and emphasized that enhanced bilateral engagement would help strengthen energy cooperation and contribute to Pakistan’s long-term energy security.
