OGDC plans partnerships in Libya, Vietnam

Oil and Gas Development Company (OGDC) is looking to explore hydrocarbon reserves overseas in association with Russian and Turkish energy companies. In this regard, OGDC – Pakistan's largest oil and gas explorer – intends to forge joint ventures with Russian energy giant Gazprom and Turkish Petroleum in Libya and Vietnam in onshore and offshore exploration zones, said sources while talking to The Express Tribune. The company's objective is to boost energy supplies from different countries to help reduce Pakistan's energy import bill. Indian oil and gas explorers too are working as joint-venture partners with different companies in overseas markets, including the United States, to secure energy supplies.