Islamabad, London Explore Joint Investment in Oil, Gas, and Minerals
Naeem Mehbbob :
Islamabad: Pakistan and the United Kingdom have agreed to strengthen cooperation in the oil, gas, and minerals sectors, signaling closer collaboration in energy development and resource exploration.
The understanding was reached during a meeting between Federal Minister for Petroleum Ali Pervaiz Malik and British High Commissioner Jane Marriott. During the discussion, the UK offered $400,000 in assistance to enhance the capacity of the Geological Survey of Pakistan.
Minister Ali Pervaiz Malik said cooperation between the British Geological Survey and the Geological Survey of Pakistan would contribute to the development of Pakistan’s minerals sector. He added that measures are underway to strengthen institutional capacity across the energy sector.
British High Commissioner Jane Marriott said Pakistan offers vast investment opportunities, particularly in the minerals sector. She announced that the Pakistan Minerals Investment Forum will be held from April 8 to 9, noting that last year’s forum was highly impressive.
Pakistan and the UK also jointly reviewed a diagnostic assessment for the restructuring of the Oil and Gas Regulatory Authority (OGRA). British companies were invited to invest in offshore oil and gas exploration in Pakistan, while UK firms were encouraged to partner with Pakistani public-sector institutions.
