US energy firm eyes Balochistan minerals, oil-gas projects in talks with Pakistan
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
- Discussions focused on expanding US investment in Pakistan’s energy and critical minerals sectors
Federal Minister for Petroleum Ali Pervaiz Malik held separate meetings with representatives of leading international energy companies to discuss investment opportunities in Pakistan’s energy and critical minerals sectors, according to a statement from the Petroleum Division on Friday.
In the first meeting, the minister met with Gregory Bloom, President of Morgan Hughes Energy, a US-based energy company, and Ahmad Waleed, CEO of Tejara Capital. The discussions focused on expanding US investment in Pakistan’s energy and critical minerals sectors.
Bloom highlighted the potential of Balochistan for critical minerals development and stated that Morgan Hughes Energy and Tejara Capital are partnering to pursue mineral projects, while also exploring opportunities in Pakistan’s oil and gas sector, particularly in field optimisation to enhance production from existing assets.
Ali Pervaiz welcomed their interest, reaffirming the government’s commitment to increasing indigenous energy production and facilitating responsible international investment through close collaboration with relevant stakeholders.
In a separate meeting, the minister met with Kieran Gallagher, CEO of Vitol Asia, and his team to discuss ongoing cooperation in Pakistan’s petroleum sector.
He congratulated Vitol on the successful commencement of bunkering operations at Gwadar. He welcomed the company’s proposal to convert High Sulphur Fuel Oil (HSFO) into Very Light Sulphur Fuel Oil (VLSFO), assuring full government support for the project.
The meeting also reviewed opportunities under Pakistan’s newly introduced bonded storage policy.
The minister noted that discussions on bonded storage infrastructure are underway with leading global energy companies, including Vitol, as part of the government’s efforts to strengthen energy logistics, expand strategic storage capacity, and attract greater international investment.
Both meetings reaffirmed Pakistan’s commitment to strengthening global energy partnerships, attracting foreign investment, and advancing long-term energy security and economic growth.
Reference Link:- https://www.brecorder.com/news/40431611
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
