Key Takeaways
- Petroleum Minister Ali Pervaiz Malik met with representatives from international energy companies.
- Companies including Morgan Hughes Energy and Vitol Asia expressed interest in investing in Pakistan’s energy sector.
- Discussions focused on increasing production, mineral exploration, and expanding cooperation.
Pakistan is actively seeking foreign investment to bolster its energy and minerals sectors. During recent meetings with international companies, the Petroleum Minister Ali Pervaiz Malik underscored the government's commitment to attracting capital for domestic energy production and resource development.
The minister met with Gregory Bloom, President of US-based Morgan Hughes Energy, and Ahmed Waleed, CEO of Tijarah Capital, who are jointly working on mineral exploration projects in Balochistan. Bloom expressed interest in investing to enhance Pakistan’s existing oil and gas reserves, indicating potential for increased production levels.
In a separate meeting, Malik also engaged with Karen Gallagher, CEO of Vitol Asia, congratulating the company on its successful bunkering operations at Gwadar Port. The discussions covered plans to convert high-sulfur fuel oil into very low-sulfur fuel oil (VLSFO), investment opportunities under Pakistan’s new bonded storage policy, and ways to expand cooperation with leading international energy companies.
These meetings are part of the government's broader strategy to attract foreign capital, enhance domestic energy production, and develop Pakistan’s natural resources and strategic energy infrastructure. The minister assured the delegations of full support for boosting domestic energy production and facilitating investment in the sector.
The discussions highlight the growing interest from international companies in Pakistan’s energy and minerals sectors. By engaging with key players such as Morgan Hughes Energy and Vitol Asia, the government aims to leverage their expertise and resources to drive economic growth and diversification.
Minister Malik stated that the meetings were crucial for exploring new investment opportunities and strengthening bilateral relations between Pakistan and these international companies. He emphasized the importance of collaboration in achieving mutual goals, particularly in the context of energy security and resource development.
The petroleum minister assured the delegation of the government’s support for boosting domestic energy production and facilitating foreign investment in the sector.
Ali Pervaiz Malik, Petroleum Minister
