Turkish energy minister in Pakistan as both countries push major oil, gas, mining cooperation

Pakistan’s Federal Petroleum Minister Ali Pervaiz Malik (center) and Turkish Ambassador to Pakistan Irfan Neziroglu (left) receive Türkiye’s Minister of Energy and Natural Resources, Alparslan Bayraktar (right) in Islamabad, Pakistan, on December 1, 2025. (Radio Pakistan)
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Updated 02 December 2025
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Turkish energy minister in Pakistan as both countries push major oil, gas, mining cooperation

  • Visit expected to advance plans for Pakistan’s first-ever deep-sea drilling project, new joint ventures in onshore energy blocks
  • Türkiye’s growing interest includes oil, gas and minerals as Pakistan seeks foreign investment to curb chronic energy shortages

ISLAMABAD: Türkiye’s Minister of Energy and Natural Resources, Alparslan Bayraktar, arrived in Islamabad late on Monday at the head of a high-level delegation, as Pakistan seeks to expand cooperation with Ankara across energy, petroleum and mineral exploration, sectors critical to the country’s economic revival.

The visit comes amid Pakistan’s push to attract foreign investment into its oil, gas and mining sectors to ease severe energy shortages, cut reliance on imported fuels and tap underexplored reserves. Türkiye, meanwhile, has steadily broadened its commercial and strategic footprint in South Asia and already has multiple energy firms operating in Pakistan.

“The visit will play a significant role in enhancing cooperation between the two countries in energy and minerals sectors,” Radio Pakistan reported after Bayraktar was received at Islamabad airport by Pakistan’s Federal Petroleum Minister Ali Pervaiz Malik, Turkish Ambassador Irfan Neziroglu and senior petroleum-sector officials.

The Turkish minister’s arrival follows his comments last week that Türkiye was preparing to formalize a new energy accord with Pakistan covering both offshore and onshore exploration.

“We’re preparing to sign our accord for Pakistan’s first deep-sea drilling project,” he told reporters. “Our cooperation will begin with exploration work in two onshore blocks and one offshore zone.”

Deep-sea drilling, never previously executed in Pakistan, has long been viewed as a frontier opportunity, though past attempts stalled due to cost, technological barriers and inconsistent policy frameworks. A formal Turkish commitment would mark one of the most significant foreign partnerships in Pakistan’s upstream energy sector in years.

Last month, Pakistan approved a new offshore exploration consortium, clearing Turkish Petroleum Overseas Company (TPC) to take over operatorship of the Eastern Offshore Block-C as part of a push to revive drilling. Pakistan’s Economic Coordination Committee approved Pakistan Petroleum Limited’s request to assign part of its interest in the block to TPOC, Mari Energies and state-run Oil & Gas Development Co. Ltd, leaving PPL with a 35 percent stake.

TPOC will hold 25 percent and will operate the block once a formal agreement is signed.

In October, bids were awarded for 23 of 40 offshore blocks offered, covering around 53,500 square kilometers, in Pakistan’s first offshore bidding round since 2007.

Pakistan’s 300,000 square kilometer offshore zone, bordering energy-rich Oman, the United Arab Emirates and Iran, has seen just 18 wells drilled since independence in 1947, too few to fully assess its hydrocarbon potential.

EXPANDING TIES

Pakistan and Türkiye have expanded security and defense ties in recent years, but energy and minerals are now emerging as priority sectors. For Pakistan, grappling with fuel import bills, periodic gas shortages and a need to diversify energy sources, joint exploration with Türkiye offers both investment and technology transfer.

For Türkiye, the partnership aligns with its wider strategy of increasing its global energy footprint, securing resource access and strengthening ties with key Muslim-majority economies.

Ahead of the delegation’s arrival on Monday night, Pakistan’s petroleum minister Malik met Turkish Ambassador Neziroglu on Sunday to finalize arrangements.

A statement released after the meeting said officials reviewed the growing collaboration between the two countries in oil, gas and minerals, noting that Turkish Petroleum (TPAO), Türkiye’s state energy company, has already joined both offshore and onshore exploration initiatives with Pakistani partners.

Malik said Pakistan’s key companies like OGDCL, PPL and Mari Petroleum were working alongside TPAO, creating “new opportunities for joint ventures and strengthening cooperation on the global stage.”

According to the Pakistani statement, Ambassador Neziroglu said the delegation also includes a major Turkish mining-sector company, signaling broader investment interest in Pakistan’s high-potential mineral deposits, including copper, gold and rare earth elements.

Both sides said they were committed to ensuring a successful visit and translating mutual goodwill into “meaningful economic and strategic outcomes.”


Pakistan forms committee to negotiate financial advisory services for Islamabad airport privatization

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Pakistan forms committee to negotiate financial advisory services for Islamabad airport privatization

  • Committee to engage Asian Development Bank to negotiate terms of financial advisory services agreement, says privatization ministry
  • Inaugurated in 2018, Islamabad airport has faced criticism over construction delays, poor facilities and operational inefficiencies

ISLAMABAD: Pakistan’s Privatization Ministry announced on Wednesday that it has formed a committee to engage the Asian Development Bank (ADB) to negotiate a potential financial advisory services agreement for the privatization of Islamabad International Airport.

The Islamabad International Airport, inaugurated in 2018 at a cost of over $1 billion, has faced criticism over construction delays, poor facilities, and operational inefficiencies.

The Negotiation Committee formed by the Privatization Commission will engage with the ADB to negotiate the terms of a potential Financial Advisory Services Agreement (FASA) for the airport’s privatization, the ministry said. 

“The Negotiation Committee has been mandated to undertake negotiations and submit its recommendations to the Board for consideration and approval, in line with the applicable regulatory framework,” the Privatization Ministry said in a statement. 

The ministry said Islamabad airport operations will be outsourced under a concession model through an open and competitive process to enhance its operational efficiency and improve service delivery standards. 

Pakistan has recently sought to privatize or outsource management of several state-run enterprises under conditions agreed with the International Monetary Fund (IMF) as part of a $7 billion bailout approved in September last year.

Islamabad hopes outsourcing airport operations will bring operational expertise, enhance passenger experience and restore confidence in the aviation sector.

In December 2025, Pakistan’s government successfully privatized its national flag carrier Pakistan International Airlines (PIA), selling 75 percent of its stakes to a consortium led by the Arif Habib Group. 

The group secured a 75 percent stake in the PIA for Rs135 billion ($482 million) after several rounds of bidding, valuing the airline at Rs180 billion ($643 million).

Pakistan’s Finance Minister Muhammad Aurangzeb said this week the government has handed over 26 state-owned enterprises to the Privatization Commission.