Minister hosts talks with Chinese oil firms

Federal Minister for Petroleum, Musadik Malik, led high-level discussions with Chinese companies at the 8th Silk Road Expo held in Xi’an, China. The talks, held at Pakistan’s pavilion, aimed at securing key investments in Pakistan’s energy sector, with a focus on joint ventures, according to a press statement released on Saturday.

A delegation of Pakistan’s top energy firms are eyeing investment partnerships with Chinese counterparts to explore opportunities in oil and gas exploration, refinery upgrades, coal conversion, and regasification.

Malik assured full facilitation for Chinese companies interested in partnering with Pakistani firms, whether as individual ventures or consortiums. “We will become technology partners, joint venture partners,” said Malik. He added that Pakistan has one of the largest coal reserves and is committed to converting these resources into value-added products, such as fertiliser and clean energy.