ISLAMABAD: One of the leading companies of the United Arab Emirates, Mubadala Petroleum, has expressed interest to further invest in Pakistan and undertake expansion of current facilities and infrastructure, according to an official statement released by the Ministry of Petroleum on Thursday.
The CEO of Mubadala Petroleum, Musabbeh Al Kaabi met with Pakistan’s Petroleum Minister Ghulam Sarwar Khan at the ministry where the two officials discussed UAE’s investments in various sectors of Pakistani market.
Al Kaabi, accompanied by the UAE’s ambassador to Pakistan Essa Abdulla Al Basha Al Noami, appreciated Pakistan government’s steps to facilitate foreign investors and discussed the updates and progress on the establishment of PARCO Coastal Refinery — one of the UAE’s major investments in the country.
“The Federal Minister was also apprised of execution timelines of the coastal oil refinery and both dignitaries expressed satisfaction over the current headway being made by both sides on this vital undertaking,” read the handout.
PARCO’s plan to setup a deep conversion state of the art refinery would be able to refine 250,000 bpd and would be instrumental in adding to the national exchequer, the statement added.
“The group also showed interest in LNG business and exploration on onshore and offshore blocks. They also showed interest in establishing first propylene plant in Pakistan,” the handout read.
Khan told the visiting dignitary that Pakistan was committed to facilitate current and potential investors and that “efforts are already underway to make incremental improvement in the ease of doing business in the country.”
He commended UAE’s continued investments in different sectors and said that Pakistan downstream oil refining and marketing sector offered lucrative investment opportunities. “Based on industry demand forecasts, Pakistan needs new oil marketing and storage network,” he added.
He also noted that the bilateral relations between the two states were on an upward trajectory, and there had been regular exchanges between their top leadership.
Pakistan welcomes UAE’s continued interest in petroleum sector
Pakistan welcomes UAE’s continued interest in petroleum sector
- UAE’s Mubadala Petroleum keen to further invest in Pakistan
- PARCO Coastal refinery is one of UAE’s major investments in the country
Pakistan says Indonesia’s Pertamina exploring cooperation in ‘vast untapped potential’ in minerals
- Islamabad is pitching its largely untapped mineral sector to foreign investors as a new pillar of economic recovery and industrial growth
- Jakarta is eyeing overseas mining partnerships through Pertamina to leverage its exploration expertise and secure strategic raw materials
ISLAMABAD: Indonesia has expressed interest in engaging in Pakistan’s largely untapped mineral sector, with Jakarta’s state-owned energy company Pertamina seen as a potential partner for exploration and mining cooperation, a statement from Pakistan’s Information Ministry said this week.
The engagement comes as Pakistan positions mining as a potential engine of long-term growth, following years of underinvestment and stalled projects, and as resource-rich Asian economies increasingly look overseas to secure supplies of critical minerals and diversify investment portfolios.
Government and industry estimates suggest Pakistan’s untapped mineral resources could be worth trillions of dollars, anchored by major copper-gold deposits such as Reko Diq, as well as coal, iron ore and emerging critical minerals. Meanwhile, Indonesia, one of the world’s leading producers of minerals such as nickel, coal and copper, has in recent years expanded the role of its state-owned firms in overseas energy and extractive ventures, driven by rising domestic demand, industrial policy linked to downstream processing and global competition for strategic resources.
Against this backdrop, Federal Minister for Petroleum Ali Pervaiz Malik met Indonesia’s Ambassador to Pakistan, Chandra Warsenanto Sukotjo, on Thursday to discuss cooperation with a particular focus on minerals and exploration, the information ministry said.
“Indonesia’s state-owned company, Pertamina, possesses extensive experience in exploration, and avenues for cooperation in exploration activities between the two countries could be explored,” the Indonesian ambassador said, according to the statement.
Malik welcomed Indonesia’s interest and assured full government support, highlighting what the statement described as Pakistan’s “vast untapped potential” in minerals and exploration. He encouraged Indonesian companies to partner with Pakistani firms on mutually beneficial projects.
The petroleum minister also formally invited Indonesia to participate in the Pakistan Minerals Investment Forum (PMIF) 2026, telling the ambassador that the upcoming event would be significantly larger than the previous two editions and aimed at attracting a wider pool of international investors.
Both sides agreed to continue engagement and explore concrete opportunities to deepen cooperation across minerals, exploration and energy, the statement said, framing the talks as part of broader efforts to strengthen Pakistan–Indonesia economic ties beyond traditional diplomatic and cultural links.
Pakistan holds significant reserves of copper, gold, coal and other minerals across Balochistan, Khyber Pakhtunkhwa and Gilgit-Baltistan, but officials say much of this potential remains underdeveloped due to legal disputes, infrastructure gaps and lack of foreign investment. In recent years, Islamabad has sought to change that by resolving long-running disputes, hosting international mineral investment forums, and courting partners from North America, the Gulf and Asia.
The government has placed particular emphasis on large-scale projects such as the Reko Diq copper-gold mine in Balochistan, while also encouraging smaller exploration and mining ventures through joint partnerships with foreign companies and state-owned enterprises.
