Pakistan and Turkiye have signed new gas and mining agreements worth more than $300 million, marking an important step toward stronger energy cooperation between the two countries.
The signing ceremony was attended by Prime Minister Shehbaz Sharif, highlighting the importance Pakistan places on this partnership.
The agreements include fresh petroleum concessions and the transfer of 25% working interest in the Indus Offshore Block-C to Turkish Petroleum.
This will allow the Turkish company to take part in offshore exploration activities, which Pakistan hopes will help discover new gas resources and reduce energy shortages in the future.
Turkish Energy Minister Alparslan Bayraktar said that both countries are committed to expanding their cooperation and reaching their shared target of $5 billion in bilateral trade. He noted that the new projects in the energy sector will bring the two nations closer and open the door for more joint ventures.
Pakistan also expressed interest in welcoming Turkish participation in its upcoming DISCO (power distribution companies) privatisation programme. Officials believe that bringing in foreign investors especially from friendly countries like Turkiye can help modernize Pakistan’s energy sector and improve service delivery.
As part of the growing partnership, Turkish Petroleum will open an office in Islamabad this month. The new office will help speed up ongoing projects, support future planning, and make coordination between the two countries easier.
Both sides say these agreements will not only boost offshore exploration but also strengthen their long-standing economic and strategic relationship. The energy cooperation is seen as a major step toward securing Pakistan’s future energy needs while deepening ties with Turkiye.
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