Pakistan Strengthens Energy Partnerships with China at Silk Route Expo
Key Ideas
  • Minister Musadik Malik led a Pakistani delegation to Silk Route Expo in China to enhance energy partnerships with Chinese companies.
  • Pakistan aims to explore new oil and gas reserves with an investment of $5bn in the next three years, under PM Shehbaz's vision.
  • Focus areas of partnership include oil and gas exploration, coal conversion, and production of green and blue hydrogen and ammonia.
  • Pakistani energy companies like OGDCL, PPL, MPCL, FFC, and Thar Coal Energy Board showcased investment opportunities at the Expo.
Pakistan's Minister for Petroleum, Musadik Malik, headed a delegation of Pakistani energy companies to the eighth Silk Route Expo in China to bolster energy partnerships with Chinese counterparts. During the discussions, Malik articulated PM Shehbaz Sharif's vision, emphasizing the exploration of new oil and gas reserves as a key priority. Plans were unveiled to excavate around 240 potential reserve sites in the next three years with a substantial investment of $5 billion. The areas of collaboration discussed included oil and gas exploration, refinery upgrades, coal conversion, and regasification. Minister Malik also highlighted Pakistan's significant coal reserves and the government's commitment to extracting value from natural resources while focusing on environmental protection. Moreover, the production of green and blue hydrogen, along with ammonia, was mentioned as potential endeavors. Chinese and Pakistani companies engaged in business-to-business meetings to explore partnerships and investment opportunities. Representatives from prominent Chinese firms, such as Shaanxi Energy Bureau, Yanchang Petroleum Group, and Shanghai Electric, interacted with Pakistani counterparts to discuss collaboration possibilities. Pakistani companies like OGDCL, PPL, MPCL, FFC, and the Thar Coal Energy Board showcased investment prospects at the Expo, showcasing Pakistan's commitment to fostering energy partnerships and exploring new ventures in the sector.
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