KUFPEC, a subsidiary of Kuwait Petroleum Corporation, is looking to increase its investment and operations in Pakistan's exploration and production (E&P) sector. This follows recent MoUs with OGDCL and Mari Petroleum in 2023 for joint evaluations and bidding on exploration blocks. Federal Minister Ali Pervaiz Malik assured full government support, highlighting the long-standing energy partnership between the two nations. Increased foreign investment in Pakistan's energy sector could potentially ease pressure on the country's import bill and strengthen the Pakistani Rupee in the long term, impacting local gold prices.
بحوالہ / Source: www.brecorder.com