ISLAMABAD:
Petroleum Minister 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 on Friday.
Malik met Morgan Hughes Energy President Gregory Bloom and Tejara Capital CEO Ahmad Waleed to discuss expanding US investment in Pakistan’s energy and critical minerals sectors.
Bloom highlighted the potential of Balochistan for critical minerals development and said the two companies are partnering to pursue minerals projects while also exploring opportunities in Pakistan’s oil and gas sector, particularly in field optimisation to enhance production from existing assets.
The minister welcomed their interest, reaffirming the government’s commitment to increasing indigenous energy production and facilitating responsible international investment.
In a separate meeting, Malik met Vitol Asia CEO Kieran Gallagher to discuss ongoing cooperation in Pakistan’s petroleum sector. He congratulated Vitol on the successful commencement of bunkering operations at Gwadar and welcomed the company’s proposal to convert High Sulphur Fuel Oil (HSFO) into Very Low 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 efforts to strengthen energy logistics.
