Turkish Petroleum is expected to begin offshore oil and gas drilling in Pakistan’s territorial waters soon, Petroleum Minister Ali Pervaiz Malik said.
The move comes as Pakistan seeks to increase domestic energy production and reduce its reliance on imported fuel.
Türkiye to Support Offshore Exploration
Speaking at a press conference in Lahore, Malik said Turkish Petroleum would support investment in Pakistan’s offshore energy sector.
However, the minister did not reveal the drilling location, investment amount, or exact start date.
The planned activity could expand Pakistan’s offshore exploration efforts. It could also attract further foreign investment into the country’s energy sector.
Pakistan Faces High Energy Import Dependence
Pakistan currently imports around 90% of its energy requirements.
Meanwhile, domestic oil production remains near 70,000 barrels per day. Daily demand stands at almost 500,000 barrels.
Therefore, the government wants to accelerate oil and gas exploration across the country. Malik said higher local production could reduce Pakistan’s dependence on expensive energy imports.
Government Plans Wider Energy Roadmap
Prime Minister Shehbaz Sharif and Chief of Defence Forces Field Marshal Syed Asim Munir have also assigned an international company to prepare a broader energy-sector roadmap.
According to Malik, the company will present its recommendations to the country’s leadership in the coming months.
The roadmap will focus on strengthening Pakistan’s energy sector. It will also address long-term challenges facing energy production and supply.
Petroleum Sector Reforms Continue
Malik said the government had stopped the buildup of circular debt in the petroleum sector.
At the same time, authorities are working to clear outstanding liabilities inherited from previous governments.
In addition, the minister announced plans to open tenders for liquefied petroleum gas (LPG). He also said preparations for new gas connections had been completed.
Global Energy Pressures Continue
Global energy markets remain under pressure amid geopolitical tensions.
Malik said the Iran-US conflict had disrupted energy supplies. It also contributed to higher crude oil and petroleum product prices.
Despite these challenges, the government has maintained fuel supplies across Pakistan.
Moreover, authorities are working to reduce the impact of higher international oil prices on consumers.
Potential Boost for Pakistan’s Energy Security
The planned Turkish participation could mark an important step in Pakistan’s offshore exploration strategy.
If successful, increased domestic oil and gas production could strengthen energy security and reduce pressure on the country’s import bill.
The government is therefore seeking greater exploration activity, foreign investment, and long-term reforms to address Pakistan’s energy needs.
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