Petroleum Minister, global energy companies discuss investment avenues

ISLAMABAD : 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.
In the first meeting, the Minister met with Gregory Bloom, President of Morgan Hughes Energy, a U.S.-based energy company, and Ahmad Waleed, CEO of Tejara Capital. The discussions focused on expanding U.S. investment in Pakistan’s energy and critical minerals sectors.
Mr. Bloom highlighted the potential of Balochistan for critical minerals development and said that Morgan Hughes Energy and Tejara Capital are partnering to pursue minerals projects while also exploring opportunities in Pakistan’s oil and gas sector, particularly in field optimization to enhance production from existing assets.
Minister Ali Pervaiz Malik 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 Mr. 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 and 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. Ends