According to WPB, Turkish energy entities are set to engage in offshore oil and gas exploration activities in Pakistani waters through strategic collaboration with domestic partners. This initiative marks a significant advancement in the bilateral energy relations between the two nations.
Turkish Foreign Minister Hakan Fidan highlighted this development during an official visit to Pakistan, describing it as a result of a more structured and institutionalized framework the two countries aim to implement. While the minister refrained from disclosing technical details regarding the exploration and drilling phases, the agreement signals a growing alignment in energy cooperation.
In addition to the offshore exploration plans, Ankara and Islamabad are actively exploring broader avenues of collaboration in the fields of hydrocarbon production, mineral resources, and rare earth elements. The ongoing dialogues and signed agreements indicate an expanding strategic partnership focused on energy security and regional stability.
A cooperation agreement between the two sides, formalized in the recent past, laid the foundation for joint initiatives targeting offshore resource development. The Turkish Petroleum Corporation (TPAO), in conjunction with Pakistan’s three state-run oil enterprises, is expected to submit collective bids for several offshore blocks being offered in Pakistan’s current licensing round, which includes 40 exploration zones.
Turkish Energy Minister Alparslan Bayraktar emphasized that this move would further consolidate the strategic energy alliance between Turkey and Pakistan, while also serving as a critical step toward enhancing energy security across the region.
Pakistan’s domestic oil reserves have witnessed a notable upturn in the recent past—the first considerable growth since 2020. With new field discoveries and increased output, the nation’s proven reserves expanded by 23%, reaching 238 million barrels.
In contrast, the country’s natural gas reserves have remained relatively stable, with minimal variation compared to the previous estimates. Despite the gains in oil production, Pakistan continues to depend significantly on imported energy resources to fulfill its domestic consumption needs.
Meanwhile, Turkey is intensifying efforts to elevate its own gas production capacity, particularly in the Black Sea. It is also seeking to diversify its upstream portfolio through international partnerships across various regions including the Caspian basin, northern Iraq, and the Bulgarian sector of the Black Sea.
This evolving cooperation underscores both nations’ intent to strengthen mutual ties through shared energy ventures, supporting long-term regional resilience and economic development.
By WPB
Oil, Petroleum, Gas
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