Pakistan, Turkiye agree on joint oil, gas bids

In a significant development, Pakistan and Turkiye have agreed on forging cooperation in oil and gas exploration, which came on the sidelines of Pakistan Minerals Investment Forum 2025. Pakistan and Turkiye signed a joint bidding agreement, according to which they would jointly participate in offshore bidding round to be conducted by Islamabad. In February 2025, the government of Pakistan announced an offshore block bid round, offering 40 blocks in Makran and Indus basins for exploration licences. This bid round is a significant opportunity for attracting foreign direct investment (FDI) in the upstream energy sector. “We are pleased to announce that reputable Pakistani E&P (exploration & production) companies, Mari Energies, Oil & Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL), have signed a joint bidding agreement with Turkish state-owned enterprise Turkiye Petrolleri Anonim Ortakligi to jointly participate in the offshore bid round,” said a statement issued on Tuesday.